https://www.taxtmi.com/acts?id=11807 Assessing Officers may require a Valuation Officer to estimate the value, including fair market value, of any asset, property, investment or expenditure. The Valuation Officer may enter and inspect premises, inspect assets and relevant books or records, gather information, and must make a written estimate after considering assessee evidence and giving an opportunity to be heard; if the assessee does not cooperate he may estimate to the best of his judgment. The estimate must be furnished to the Assessing Officer and the assessee within six months, and the Assessing Officer may compute tax bases using that value. en-us Fri, 17 Sep 2010 10:46:49 +0530 Fri, 17 Sep 2010 10:46:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11807 Assessing Officers may require a Valuation Officer to estimate the value, including fair market value, of any asset, property, investment or expenditure. The Valuation Officer may enter and inspect premises, inspect assets and relevant books or records, gather information, and must make a written estimate after considering assessee evidence and giving an opportunity to be heard; if the assessee does not cooperate he may estimate to the best of his judgment. The estimate must be furnished to the Assessing Officer and the assessee within six months, and the Assessing Officer may compute tax bases using that value. Act-Rules Bills Fri, 17 Sep 2010 10:46:49 +0530 https://www.taxtmi.com/acts?id=11807