https://www.taxtmi.com/circulars?id=9004 Inconsistent adoption of alternate valuation figures for the same property across different direct tax assessments produced under-assessment; two valuation reports showed different fair rents adopted for estate duty and wealth-tax, and the absence of recorded reasoning in the estate duty order left unclear whether the officer had applied his mind. Assessing officers are directed to record adequate reasons in assessment orders when adopting valuations or conclusions that differ from ordinarily accepted views to ensure co-ordination and permit scrutiny. en-us Wed, 14 Jul 1976 00:00:00 +0530 Wed, 01 Jun 2011 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9004 Inconsistent adoption of alternate valuation figures for the same property across different direct tax assessments produced under-assessment; two valuation reports showed different fair rents adopted for estate duty and wealth-tax, and the absence of recorded reasoning in the estate duty order left unclear whether the officer had applied his mind. Assessing officers are directed to record adequate reasons in assessment orders when adopting valuations or conclusions that differ from ordinarily accepted views to ensure co-ordination and permit scrutiny. Circulars Income Tax Wed, 14 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9004