Section 513 — Appearance by registered valuer in certain matters

Old Act equivalent: Section 287A of IT Act 1961 Sub-part: Chapter XXIII—Miscellaneous

Statutory Text

(1) Any assessee, entitled or required to attend before any income-tax authority or the Appellate Tribunal in matters relating to the valuation of any asset, may attend through a registered valuer. (2) The provisions of sub-section (1) shall not apply, where the assessee is required to attend personally for examination on oath or affirmation under section 246. (3) For the purposes of this section, the expression “registered valuer” means a person registered as a valuer under section 514. Registration of valuers.

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Applies to: Registered valuers.
Conditions: Registered valuer may appear and act in proceedings where valuation is in question.
Time limits: None.
Monetary limits: None.
Exceptions: None.