https://www.taxtmi.com/caselaws?id=32689 Section 55A permits reference to a Valuation Officer only where the statutory conditions are met and the assessee has made a claim as to value. A reference made before the return of income was filed was invalid because no claim by the assessee was before the Assessing Officer at that time. The provision also could not be used to question the declared sale consideration on the transfer date, as section 55A is confined to determining fair market value of a capital asset. On both grounds, the reference was held to be without jurisdiction and unsustainable. en-us Mon, 21 Apr 2008 00:00:00 +0530 Tue, 09 Sep 2025 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32689 Section 55A permits reference to a Valuation Officer only where the statutory conditions are met and the assessee has made a claim as to value. A reference made before the return of income was filed was invalid because no claim by the assessee was before the Assessing Officer at that time. The provision also could not be used to question the declared sale consideration on the transfer date, as section 55A is confined to determining fair market value of a capital asset. On both grounds, the reference was held to be without jurisdiction and unsustainable. Case-Laws Income Tax Mon, 21 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32689