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...valuer under Section 34AB of the Wealth Tax Act, 1957 was issued by the office of the Chief Commissioner Income Tax(1...whereby the government approved valuers have been directed to be registered as valuer with Insolvency and Bankruptcy Board of India under the Companies (Registered Valuers and Valuation) Rules, 2017) by 31....2. Petitioner seeks quashing of the order dated 12.12.2017 as contained in Annexure-4 issued by the General Manager, Credit Policy Section, Risk Management Wing of the Respondent-Canara Bank...
...-tax, Haryana, Himachal Pradesh & Panchkula. The application of the petitioner for registration as a Valuer under Section 34AB of the Wealth Tax Act, 1957 (for brevity, ‘the Act’) has been rejected by..., namely, that he is a registered Architect which would entitle him to registration as a Valuer under Section 34AB of the Act. Learned counsel has argued that the petitioner has been working and has...20.12.2000 (P-3 & P-7) do not suffer from any legal infirmity warranting interference of this Court. The case of the petitioner for registration as Valuer under Section 34AB of the Act has...
...approved valuer has been provided under Rule 2(d) of the SARFAESI Act, 2002 which provides that those persons who are registered as valuer under Section 34AB of the Act of 1957 are recognized as a...submitted that the petitioner Nos. 2 to 7 are registered valuers under Section 34-AB of the Wealth Tax Act, 1957 (hereinafter referred to as ‘the Act of 1957’).
3. Learned counsel further...valuer under the SARFAESI Act, 2002 to carry out valuation of the assets offered as security to the Bank.
4. Learned counsel submitted that the Reserve Bank of India has already...
...affording him an opportunity of being heard prior to the said decision. In the writ petition, the petitioner prays for a direction to the respondents to register his name as an approved valuer under Section 34AB of...approved valuer under the Wealth Tax Act. Ext.P1 is the application preferred by him before the 1 respondent. When the petitioner was not informed of the decision of the 1 respondent on the said...application, he made enquiries under the Right to Information Act and was informed by Ext.P3 communication dated 10.12.2009 that his application for registration could not be considered then, on account of...
...under section 34AB of the Wealth-tax Act. His complaint is that he was denied improperly the right to become a...valuer. Answer to this is simple. Sub-section (2) of section 34AB provides that any person who possesses the qualifications prescribed in that behalf may apply to the Board for being registered as a valuer...P.S Poti, C.J:— The short question raised in this case is whether the petitioner who is admittedly qualified in electrical engineering is entitled to be a valuer under the...
...application 26thJune, 2011 respectively for being registered as a valuer of plant and machinery under Section 34AB of the Wealth Tax Act,1957 (hereinafter referred to as the "said Act...and machinery under Section 34AB of the said Act. In his application, the petitioner pointed out that he is a Chartered Engineer and Government approved valuer having a bachelor of engineering degree in...application has been rejected. He submits that the petitioner is qualified to be appointed as registered valuer under Section 34AB of the said Act. In support of the application, the petitioner has...
...secured assets as defined under section - 2(1) Z(c) of SARFAESI Act,2002, getting valued by empaneled approved valuer as defined according to Rule 2(1)(d) of the Security Interest (Enforcement) Rules, Page 1 of 5
...:
Seeking information regarding empaneled approved valuer panel formed by board of directors of secured creditor Bank of India as defined in section - 2(1) Z(d) of SARFAESI Act,2002 for valuation of...of BOI and other staff of BOI, to change scale of fees prescribed for approved valuer i.e. registered valuer, registered u/s 34AB of WT Act,2002.
Etc...
...as per enacted act of parliament, A person ( Individual) registered under section - 34AB of Wealth Tax Act,1957( Not abolished still in force) with Chief Commissioner of Income Tax ( CCIT) ...section 34AB of Wealth Tax Act, 1957 even Black Money Act,2015 under section 77 defines Approved valuer a person registered under section 34AB of Wealth Tax Act, ...to be registered under section - 34AB of Wealth Tax Act,1957 and Restrict any Body Corporate companies under section - 34AC of Wealth Tax Act, 1957 and technically disqualify them. ...
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...valuer of immovable property under section 34AB of the Wealth Tax Act 1957 on July 28, 2021. Please provide a copy of all the concerned officials reports regarding my application.
...function. Therefore, the appellant should have bene provided the specific reasons for rejection of his application for registration as a valuer of immovable property under section 34AB of the Wealth Tax Act 1957. B...information sought pertained to third party, held by them under fiduciary relationship. Therefore, they denied the information under section 8 (1) (e) and (j) of the RTI Act. They further submitted that Principle CCIT, Roht...
...Chartered Engineer registered as Valuer under Section 34AB of Wealth Tax Act, who provided estimate for proposed renovation and repair works on the schedule suit property and its report dated 10.11.2017...Main Road,
Guindy, Chennai - 600 042. ... Respondents
PRAYER: Civil Revision Petition has been filed under Article 227 of Constitution of India, 1950...and direction to the first respondent to rectify the defects in the common area, fixing the severe seepage of water oozing through the structural beams under the terrace slab in the schedule mentioned...
...valuer and the Income Tax Officer is of opinion that the value as estimated by the registered valuer (i.e., a person registered as a valuer under ...of the approved valuer, the minimum that should have been done was to refer the property to the valuation cell of the department under.... "
It is pleaded that under the provisions of section 55 it is mandatory for the assessing officer to have made the reference to the valuation officer and as he has not made the reference, the fair...
...opinion that the value as estimated by the registered valuer (i.e., a person registered as a valuer under section 34AB of the WT Act) is less than the fair market value of the asset. Other cases in which...section 55 of the Income-tax Act. The fair market value as on 1st April, 1981, returned by the assessee was supported by a valuation report from an approved ...should have been done was to refer the property to the valuation cell of the Department under section 55A of the Income-tax...
...registered valuer (i.e a person registered a valuer under section 34AB of the Wealth-tax Act) is less than the fair...Gift Tax Act, reads as under:“48. Section 21 of the Amending Act has amended section 15 of the Gift-tax Act which a view to enabling the Gift-tax officer to refer the valuation of any...provision of section 21 of the Amending Act will come into force with effect from 1 January, 1973.Under the new provision, the Gift-tax Officer may refer the...
...Basant Seth, ICInformation sought1. Minimum Qualification required for registration as valuer of Land & Building under Section 34AB of Wealth Tax Act...certificates of valuers is information of personal nature and cannot be disclosed to third party being exempted under Section 8(1)(j) of the RTI unless larger public...
...estimated by the registered valuer (i.e., a person registered as a valuer under section 34AB of the Wealth-tax Act)is less than the fair market value of the asset. Other cases in...valuation report by S S Ghate, an approved valuer, the case of the Assessing Officer is that, in the light of DVO's report under section 55A, the value so adopted should be taken at Rs 3.63 per square...valuer's report. The assessment year involved is 2007-08, the impugned assessment was framed under section 143(3) r.w.s. 147 of the Income Tax Act, 1961 and the order passed by the CIT(A) is dated...
...registered valuer (i.e., a person registered as a valuer under section 34AB of the Wealth-tax Act)is less than the fair market value of the asset. Other cases in which a reference...determined by the valuer. In other words, it is not clear as to whether the reference was made under clause 55A(a) or 55A(b)(ii) of the Act and if it was made under section 55A(b)(ii) then what were the...:
1. By way of this appeal, the assessee appellant has challenged correctness of the order dated 11.01.2103, passed by the learned CIT(A), Bilaspur, in the matter of assessment under section 143(...
...valuer (i.e., a person registered as a valuer under section 34AB of the Wealth-tax Act) is less than the fair market value...provisions of section u/s.55A of the Act. The provisions of the section were introduced, w.e.f. 01.01.1973, by the Taxation Laws(Amendment) Act 1972.Section reads as under...note of the Explanatory Notes to the section. Circular No.96 of 25.11.1972 is relevant in this regard as it reads as under: "Under the new provisions, an Income Tax Officer may refer the valuation of...
...Income Tax Officer is of the opinion that the value as estimated by the registered valuer (i.e., a person registered as a valuer under section 34AB of the Wealth-tax Act)is less than...& 11.01.2013, passed by the learned CIT(A), Bilaspur, in the matter of assessment under section 143(3)/147 of the Income Tax Act, 1961 for the assessment years 2007-08 & 2009-10..., by the Taxation Laws (Amendment) Act 1972.Section reads as under
"55A. Reference to Valuation Officer.- With a view to ascertaining the fair market value of...
...registered valuer (i.e., a person registered as a valuer under section 34AB of the Wealth-tax Act)is less than the fair market value of the asset. Other cases in which a reference...determined by the valuer. In other words, it is not clear as to whether the reference was made under clause 55A(a) or 55A(b)(ii) of the Act and if it was made under section 55A(b)(ii) then what were the...:
1. By way of this appeal, the assessee appellant has challenged correctness of the order dated 11.01.2103, passed by the learned CIT(A), Bilaspur, in the matter of assessment under section 143(...