Office Memorandum No. 4638/2022/UDD of the Urban Development Department, Government of Assam dated 5th January, 2022 on the valuation of assets for the purposes of tax [C15-WJT]

No. 4638/2022/UDD

GOVERNMENT OF ASSAM

Urban Development Department, Government of Assam

Dispur, dated the 5th January, 2022

OFFICE MEMORANDUM

Subject: The valuation of assets for the purposes of tax by registered valuers under the Assam Agricultural Income-tax Act, 1939, regarding.

1. The undersigned is directed to say that references have been received in the Urban Development Department, Government of Assam on the manner in which the valuation of assets for the purposes of tax by registered valuers is to be regulated under the Assam Agricultural Income-tax Act, 1939.

2. The matter has been examined. Every registered valuer carrying on the valuation of assets for the purposes of tax shall make an application in Form 3CD to the Appellate Tribunal within fifteen days, accompanied by a fee of five thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the valuation of assets for the purposes of tax is undertaken, and the Appellate Tribunal shall dispose of it within fifteen days of its receipt.

4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Urban Development Department, Government of Assam.

(Secretary to Government)