Reference to Valuation Cell in those cases where the value of immovable property is Rs.50,000/- or more.

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..... 217/CBDT Dated: September 17, 1970 Attention is invited to the instructions contained in the Board's letter of even number dated 21-11-1968 regarding the income-tax cases which should be referr .....

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..... be followed in addition to the existing instructions regarding reference to Valuation Cell where the suspected under-statement in the value of immovable property is Rs.50,000/- or more. 3. These in .....

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