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[Cites 0, Cited by 3] [Section 269L] [Entire Act]

Union of India - Subsection

Section 269L(3) in The Income Tax Act, 1961

(3)If in an appeal under section 269-G against the order for acquisition of any immovable property, the fair market value of such property is in dispute, the Appellate Tribunal shall, on a request being made in this behalf by the competent authority, give an opportunity of being heard to any Valuation Officer nominated for the purpose by the competent authority.Explanation. - In this section "Valuation Officer" has the same meaning as in clause (r) of section 2 of the Wealth-tax Act, 1957 (27 of 1957).