Types of cases to be referred to Valuation Cell.

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..... d the types of cases to be referred to the Valuation Cell. 2. In view of the amendments introduced by the Taxation Laws(Amendment) Act, 1972 and the Rules framed thereunder the Board had examined whether the Valuation Cell could continue to deal with the cases after the 15th November, 1972 or after 31st December, 1972 when the other remaining provisions contained in the Taxation Laws(Amendment) A .....

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..... ut the value returned by the assessees, may be finalised and the reports may be sent to the Wealth-tax Officers so that they could treat those reports as advisory and act accordingly; ii)where the Valuation Cell has not started the work on any reference and the cases are likely to be covered by the provisions of sec.55A of the I.T.Act, sec.16A of the W.T.Act & sec.15(6) of the G.T.Act, the papers .....

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..... tutory, the cases should be continued to be dealt with by the Valuation Cell. v)As regards the Estate Duty cases, as the Taxation Laws(Amendment) Act, 1972 does not affect those cases, they would continue to be handled by the Valuation Cell. 4. The contents of these instructions may please be brought to the notice of all the assessing officers in your charge. Suitable instructions may be issued .....

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