Conditions for reference to Valuation Officers under section 91(1)(b)

Rule 55 — Conditions for reference to Valuation Officers under section 91(1)(b)

Parent Act Section(s): Section 91

Full Text

55. Conditions for reference to Valuation Officers under section 91(1)(b).– For the purposes of Section 91(1)(b)(i),– (a) the percentage of the value of the asset shall be 15%; and (b) the amount shall be ten lakh rupees.

Cross-References

Act Sections Referenced

• Section 91

Related Rules

• None

Practical Notes

[To be populated — interpretive notes, circular references, case law pointers]