2778 receiver software, Act and 15(6) of Gift Tax Act with effect from 01
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2778 receiver software, 1973. In Taxation Law (Amendment) Act 1972 provisions for reference to Valuation Officers were made under sections 16A of W. T. Act and 15(6) of Gift Tax Act with effect from 01. Valuation Cell had been quite effective in generating additional revenue. The Valuation Cell in the present form was set up in 1972. Act, 55A of I. Under these acts Valuation Officers were vested with statutory powers. 01. . Further, its presence acts as a deterrent as would be evident from the PAC report of 1990-91.
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