A.O. Cannot Refer to Valuation Officer for Fair Market Value in Search Cases u/s 55A(b)(ii). https://www.taxtmi.com/highlights?id=5514 A.O. can assess the undisclosed income as a result of search only on the basis of material or information as are available in the search. He is not authorised to refer the matter to the Valuation Officer under Section 55A (b) (ii) to asses the fair market value - HC en-us Fri, 21 Sep 2012 23:34:00 +0530 Fri, 21 Sep 2012 23:34:00 +0530 TaxTMI RSS Generator A.O. Cannot Refer to Valuation Officer for Fair Market Value in Search Cases u/s 55A(b)(ii). https://www.taxtmi.com/highlights?id=5514 A.O. can assess the undisclosed income as a result of search only on the basis of material or information as are available in the search. He is not authorised to refer the matter to the Valuation Officer under Section 55A (b) (ii) to asses the fair market value - HC Highlights Income Tax Fri, 21 Sep 2012 23:34:00 +0530 https://www.taxtmi.com/highlights?id=5514