Rule 55

Conditions for reference to Valuation Officers under section 91(1)(b)

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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.

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Source: Income-tax Rules, 2026, notified by the CBDT vide G.S.R. 198(E) dated 20 March 2026. For reference only – please verify with the official Gazette.