Rule 5 the
valuation report is to be obtained from the approved valuer and the
only requirement is the consultation with the secured creditor ... authorised officer shall obtain valuation of the
property from an approved valuer and in consultation with the
secured creditor, fix the reserve price
ignoring the fair market value
determined by the approved valuer at
Rs.1200/- per sq yd?
Page 2 of 20
Uploaded by URIL KRISHNAKUMAR RANA ... facts in sitting
over an appeal over wisdom of
approved valuer and rejecting the
fair market value determined by
approved valuer in spite
Kharawala once again got the said property valued by an approved valuer and in the valuation report dated November 15, 1971, the market value ... market value as determined by the approved valuer was accepted and the net wealth was computed on the said basis.
4. On June
original
assessment, the assessee relied upon valuation made
by the Government approved valuer, in support of his
claim of fair market value ... basis of the valuation report dated
24.03.2011 of approved valuer Shri P.K. Desai
and also suggested to refer the matter to the
Valuation Officer
accepted the market value of
the land as assessed by the approved valuer.
Page 15 of 132
Downloaded ... direction of the LVC, a
Government approved valuer was engaged by the KPT
in February 2014. The port has forwarded a copy of
the Land
equivalent
amount of seized gold jewellery. As per Govt. Approved
Valuer's report dated 22/12/2015 the present value of the
seized jewellery ... paid the amount in terms of the valuation
made by the approved valuer, has now adopted a stand that it
was under a mistake that
though the ITAT held that the valuation adopted by
the Government approved valuer cannot be
adopted?
(D) Whether on the facts and circumstances ... assessee had furnished a report
from an expert i.e. Govt. approved valuer, when the
ITAT had not accepted the valuation adopted by the
Page
asked the assessee to get the said property valued by an approved valuer and, therefore, the assessee got the said property valued by an approved ... return on the basis of the valuation arrived at by the approved valuer stating that the value of the property
Government
Page 7 of 73
C/SCA/4353/2008 CAV JUDGMENT
approved valuer, but such process for preparation
of the valuation report shall be completed ... valuation shall be
made at least by one independent Government approved Valuer.
The Committee obtained the valuation reports in respect of the
assets
building,
structures and installations on the basis of Government Approved Valuer's Report got
conducted within three months from the dete11n1nation of the license ... building, structure and installation on the basis of the
government approved valuer's report..."
17
Downloaded
