https://www.taxtmi.com/acts?id=18677 Assessing Officer may refer any asset, property or investment to a Valuation Officer to estimate its value, including fair market value, whether or not the Assessing Officer is satisfied with the assessee's accounts. The Valuation Officer, with powers under the Wealth-tax Act, must consider evidence and afford an opportunity of hearing, may estimate on best judgment if the assessee is non cooperative, and must deliver the report to the Assessing Officer and the assessee within six months; the Assessing Officer may then consider the report after hearing the assessee. en-us Fri, 11 Jul 2014 16:17:15 +0530 Fri, 11 Jul 2014 16:17:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18677 Assessing Officer may refer any asset, property or investment to a Valuation Officer to estimate its value, including fair market value, whether or not the Assessing Officer is satisfied with the assessee's accounts. The Valuation Officer, with powers under the Wealth-tax Act, must consider evidence and afford an opportunity of hearing, may estimate on best judgment if the assessee is non cooperative, and must deliver the report to the Assessing Officer and the assessee within six months; the Assessing Officer may then consider the report after hearing the assessee. Act-Rules Bills Fri, 11 Jul 2014 16:17:15 +0530 https://www.taxtmi.com/acts?id=18677