https://www.taxtmi.com/acts?id=10937 Assessing Officers may require a Valuation Officer to estimate the value of any asset, investment or expenditure; the Valuation Officer may enter and inspect premises, examine books and records, gather relevant information, and must issue a written estimate after considering the assessee's evidence and providing an opportunity to be heard. If the assessee does not cooperate, the Valuation Officer may estimate to the best of his judgment, must serve the estimate on the Assessing Officer and the assessee, and the Assessing Officer shall compute tax bases in conformity with that estimated value. en-us Thu, 20 Aug 2009 13:15:23 +0530 Thu, 20 Aug 2009 13:15:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10937 Assessing Officers may require a Valuation Officer to estimate the value of any asset, investment or expenditure; the Valuation Officer may enter and inspect premises, examine books and records, gather relevant information, and must issue a written estimate after considering the assessee's evidence and providing an opportunity to be heard. If the assessee does not cooperate, the Valuation Officer may estimate to the best of his judgment, must serve the estimate on the Assessing Officer and the assessee, and the Assessing Officer shall compute tax bases in conformity with that estimated value. Act-Rules Bills Thu, 20 Aug 2009 13:15:23 +0530 https://www.taxtmi.com/acts?id=10937