https://www.taxtmi.com/acts?id=3630 Section 55A empowers the Assessing Officer to refer valuation of a capital asset to a Valuation Officer to determine its fair market value for capital gains computation where the claimed value appears at variance, where fair market value exceeds the claimed value beyond prescribed thresholds, or where the asset's nature and circumstances make a reference necessary; specified procedural and evidentiary provisions of the Wealth-tax Act apply with necessary modifications, and "Valuation Officer" is defined by reference to that Act. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 11:43:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3630 Section 55A empowers the Assessing Officer to refer valuation of a capital asset to a Valuation Officer to determine its fair market value for capital gains computation where the claimed value appears at variance, where fair market value exceeds the claimed value beyond prescribed thresholds, or where the asset's nature and circumstances make a reference necessary; specified procedural and evidentiary provisions of the Wealth-tax Act apply with necessary modifications, and "Valuation Officer" is defined by reference to that Act. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3630