Amendment of section 254

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..... may, and if the appellant so requires, shall, refer the question of the disputed value to the arbitration of two valuers one of whom shall be nominated by the appellant and the other by the respondent and the Appellate Tribunal shall, so far as that question is concerned, pass its orders under sub-section (1) conformably to the decision of the valuers: Provided that where the appellant or the resp .....

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..... s not communicated within the period aforesaid, the Appellate Tribunal may order that the reference made under tills sub-section shall be deemed to be withdrawn and proceed to dispose of the case on the evidence before it, including the report of either of the valuers if any such report has been submitted. (c) The extent to which the costs of arbitration proceedings (including a case where a refer .....

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..... ; (ii) requiring the discovery and production of documents; (iii) receiving evidence on affidavit; and (iv) issuing commission for examination of witnesses or documents. (f) Nothing in the Arbitration Act, 1940 (10 of 1940) shall apply to arbitrations under this sub-section. Explanation.- In this sub-section, valuer means a valuer appointed under section 4 of the Estate Duty Act, 1953 (34 of 1953) .....

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