https://www.taxtmi.com/circulars?id=9589 Wealth-tax officers must follow Section 16A by referring asset valuation to a valuation officer when the declared value is based on a registered valuer and appears below fair market value, when the officer believes fair market value substantially exceeds returned value, or when the asset's nature and circumstances make a reference necessary; prior monetary-limit instructions have been superseded by the Taxation Laws (Amendment) Act, 1972, and officers are directed to ensure compliance and notify the Board. en-us Thu, 14 Feb 1985 00:00:00 +0530 Tue, 07 Jun 2011 13:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9589 Wealth-tax officers must follow Section 16A by referring asset valuation to a valuation officer when the declared value is based on a registered valuer and appears below fair market value, when the officer believes fair market value substantially exceeds returned value, or when the asset's nature and circumstances make a reference necessary; prior monetary-limit instructions have been superseded by the Taxation Laws (Amendment) Act, 1972, and officers are directed to ensure compliance and notify the Board. Circulars Income Tax Thu, 14 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9589