Maintainance of registers by Valuation officers. - Income Tax - 1763/CBDT

INSTRUCTION NO. 1763/CBDT Dated: June 23, 1987 In D.P.No. 100(WT) of Audit Report, 1986-87, Audit has observed at sub-para 1.06 as under:- According to the instructions issued by the Central Board of Direct Taxes in June, 1979 the Valuation Officers are required to maintain inter alia, the following important registers viz., (a) Register of references to Valuation Cell. (b) Case Register. (c) Instances of Sale Register. (d) Register of reference to Valuation Cell. 2. The Central Board of Direct Taxes (In June, 1979) prescribed a Register of references for valuation to the Valuation Cell to be maintained by all the assessing officers and directed the Inspecting Assistant Commissioner to make periodical checks of the Register to ensure that all cases required to be referred to the Valuation Cell have actually been referred to it and also to send a certificate to the effect at the end of each financial year to the Commissioners of Income-tax. 3. The test check in a few assessing offices revealed that in a majority of the wards, the prescribed register was not being maintained and wherever maintained, the entries in the Register were not complete. No periodical checks had also been carried out by the Inspecting Assistant Commissioner to point out the cases of omission. The departmental authorities could not therefore, ensure that all the cases required to be referred to the Valuation Cell had actually been referred for valuation. 4. The need for comments of the nature described in earlier paragraphs would not have arisen, if the prescribed registers had been maintained. In order to ensure that such lapses are not repeated, you may insist on the requisite certificate from the range I.A.C. at the end of each financial year. If necessary, you may call for the registers yourself and have them scrutinised in your office. 5. These instructions may please be brought to the notice of all officers working in your charge.