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<h1>Clause 269 Transforms Asset Valuation: Empowering Tax Officers with Robust Procedural Mechanisms for Fair Market Value Determination</h1> A comprehensive legal analysis of Clause 269 in the Income Tax Bill, 2025 reveals an enhanced mechanism for asset valuation during tax assessments. The provision empowers the Assessing Officer to refer asset valuations to a Valuation Officer, providing detailed procedural safeguards, expanded investigative powers, and a structured approach to determining fair market value. Compared to the previous Section 142A, the new clause offers greater transparency, procedural clarity, and institutional mechanisms for accurate tax assessments while balancing taxpayer rights and revenue interests.
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