Coordination between IACs(Acquisition) and concerned assessing officers.

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..... ransferors and the transferees about the initiation of acquisition proceedings, nor did they forward the details of the valuation of the fair market value of immovable property relied upon by them for the purpose of initiation of acquisition proceedings. The absence of proper co-ordination between the IACs(Acquisition) and the assessing officers may result in different treatment being given in res .....

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..... f so, the details thereon. 4. The assessing officer should, in turn, carefully examine the implications of the information thus received from the view of various direct taxes-Acts and take such action as may be necessary for the proper assessment of the transferors and the transferees under these Acts. 5. These instructions may be brought to the notice of all the officers working in your Charg .....

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