55. Conditions for reference to Valuation Officers under section 91(1)(b). [i]
For the purposes of Section 91(1)(b)(i), –
(a) the percentage of the value of the asset shall be 15%; and
(b) the amount shall be ten lakh rupees.
[i] This Rule was inserted by N No. 22/2026 dt. 20-03-2026 wef 01-04-2026.
