https://www.taxtmi.com/acts?id=6366 Section 16A permits the Assessing Officer to refer valuation of assets to a Valuation Officer where market value governs assessment and the Assessing Officer suspects under declaration or considers a reference necessary. The Valuation Officer may require documents, may confirm declared values or propose higher estimates after giving notice and hearing the assessee, and must issue a written estimate communicated to both the Assessing Officer and the assessee, whereupon the Assessing Officer completes the assessment in conformity with that estimate. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 10 Sep 2012 10:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6366 Section 16A permits the Assessing Officer to refer valuation of assets to a Valuation Officer where market value governs assessment and the Assessing Officer suspects under declaration or considers a reference necessary. The Valuation Officer may require documents, may confirm declared values or propose higher estimates after giving notice and hearing the assessee, and must issue a written estimate communicated to both the Assessing Officer and the assessee, whereupon the Assessing Officer completes the assessment in conformity with that estimate. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6366