Substitution of new section for section 142A- Estimation of value of assets by Valuation Officer

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., 2014, namely:- Estimation of value of assets by Valuation Officer      '142A. (1) The Assessing Officer may, for the purposes of assessment or reassessment, make a reference to a Valuation Officer to estimate the value, including fair market value, of any asset, property or investment and submit a copy of report to him.      (2) The Assessing Offi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ay estimate the value of the asset, property or investment to the best of his judgment, if the assessee does not co-operate or comply with his directions.      (6) The Valuation Officer shall send a copy of the report of the estimate made under sub-section (4) or sub-section (5), as the case may be, to the Assessing Officer and the assessee, within a period of six months fro....