https://www.taxtmi.com/acts?id=50111 The provision allows the Valuation Officer, on referral by the Wealth-tax Officer, to estimate an asset's value where declared values appear understated or prescribed thresholds are exceeded, to require production of documents, to give the assessee notice and an opportunity to object and produce evidence, and to issue a written order confirming or proposing a value; copies of the order are sent to the Wealth-tax Officer and the assessee, and the Wealth-tax Officer must complete the assessment in conformity with the Valuation Officer's estimate. en-us Tue, 04 Mar 2025 16:40:23 +0530 Tue, 04 Mar 2025 16:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50111 The provision allows the Valuation Officer, on referral by the Wealth-tax Officer, to estimate an asset's value where declared values appear understated or prescribed thresholds are exceeded, to require production of documents, to give the assessee notice and an opportunity to object and produce evidence, and to issue a written order confirming or proposing a value; copies of the order are sent to the Wealth-tax Officer and the assessee, and the Wealth-tax Officer must complete the assessment in conformity with the Valuation Officer's estimate. Act-Rules F. Acts / Amendment Acts Tue, 04 Mar 2025 16:40:23 +0530 https://www.taxtmi.com/acts?id=50111