TaxTMI 
TaxTMI 
Guidelines for working of valuation cells.
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....ference was made in the said Report to the failure to study the result of the appeal against the valuation by the Valuation Cells and taking suitable remedial steps. At the instance of the PAC, a study was also conducted by the National Institute of Public Finance and Policy(NIPFP). The report of the Institute has made suggestions for improving the working of Valuation Cells and to avoid repetitio....
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....F.No. 326/50/78-WT dated 27.4.1979). (iii) The Valuation Cell should plan their work in such a manner that cases expected to yield higher revenue are handled on top priority basis and the time limits fixed are adhered to (F.No. 326/50/78-WT dated 30.6.1979). (iv) Copies of the appellate orders wherein findings have been given on the valuation reports should be made available to the Valuation....
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....le cases are referred according to the Board's guidelines. 4. The Board desires that Chief Commissioners/Directors General should issue necessary instructions to the Range Deputy Commissioners and Assessing Officers to ensure that all the references are sent to the Valuation Cell well before the limitation dates of the relevant assessments. It should be ensured that the references are well spre....
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....sioners of Income-tax should ensure their attendance whenever these cases come up for hearing before the CIT(Appeals) or ITAT where the valuation is of subject matter of appeal. A copy of the appellate orders of the CIT(Appeals)/ITAT involving the question of valuation should invariably sent to the valuation cell. Further the Chief Engineer should ensure that comments of the valuation officers on ....