Question ID : 282

valuation of property by Income tax approved civil engineers

There was a survey u,s 133 A of the Act. The Assessee had constructed a rential buildg and has already got the valuation report from a cometax approved civil engeer. But the Assessg officer refused to accept the valuation and refers it to the valuation cell. The Valuation officer is adoptg the value as per CPWD Values, ignorg toto the valuation report submitted by the IT Approved civil engeer. Is the assessg officer justified dog so? If yes, what is the value the IT approved engeers report obtaed. What for they have been given approval as IT approved Engeers? '

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