Valuation Officer – Section 2(110) | Income-tax Act, 2025 vs 1961

§ 2(110) · Income-tax Act, 2025

Valuation Officer

ITA 2025 · 2(110) ≈ Expl. to S.142A · 1961 Act
Definition — Section 2(110)

Means a person appointed by the Central Government as a Valuation Officer who shall exercise powers as specified in section 269(3) of the Income-tax Act, 2025, and includes a Regional Valuation Officer, a District Valuation Officer and an Assistant Valuation Officer. Under section 269, the Valuation Officer estimates the value including fair market value of any asset, property or investment on a reference from the Assessing Officer, and has powers to enter premises, inspect assets, examine books of account and gather evidence for the purpose of such estimation.

Act Comparison
Income-tax Act, 2025
2(110)
Valuation Officer
Income-tax Act, 1961
Expl. to S.142A
Valuation Officer — defined via Wealth-tax Act reference in Explanation to S.142A
Key Points
  • Existed in the 1961 Act via Explanation to Section 142A — the 2025 Act elevates it to a standalone Section 2 definition; both Acts include Regional, District and Assistant Valuation Officers within the definition
  • AO can refer valuation of any asset, property or investment to the Valuation Officer for assessment or reassessment purposes
  • Valuation Officer's report is considered by the AO after giving the assessee an opportunity of being heard — the taxpayer can contest the valuation
💡 Practical Note

The Valuation Officer issues a report on FMV of properties — but the final determination is the AO's, and the taxpayer can appeal against it.

Published by Simplified Tax India — Clear, section-wise comparison of Income-tax Acts. ← Back to Section 2 Definitions Table
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