https://www.taxtmi.com/circulars?id=10195 If an asset's value returned in an assessment year is less than its value as returned or determined in any earlier year or less than its cost price, the valuation must be referred to the Valuation Officer and further action taken accordingly; approved valuer reports reducing prior declared values should not be accepted without engaging the Valuation Cell. en-us Mon, 03 Jun 1974 00:00:00 +0530 Sat, 11 Jun 2011 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10195 If an asset's value returned in an assessment year is less than its value as returned or determined in any earlier year or less than its cost price, the valuation must be referred to the Valuation Officer and further action taken accordingly; approved valuer reports reducing prior declared values should not be accepted without engaging the Valuation Cell. Circulars Income Tax Mon, 03 Jun 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10195