Rule 10: For the purposes of rules 11 and 12, — (a) "accountant" — (i) means an accountant referred to in sec

Bare law

Rule 10 - For the purposes of rules 11 and 12, — (a) "accountant" — (i) means an accountant referred to in section 515(3)(b), who fulfils the following conditions: — (A) if he is pursuing the profession of accountancy individually or is a valuer then — (I) he

10. For the purposes of rules 11 and 12, — (a) "accountant" — (i) means an accountant referred to in section 515(3)(b), who fulfils the following conditions: — (A) if he is pursuing the profession of accountancy individually or is a valuer then — (I) he has professional experience of not less than ten years; and (II) his annual receipt in the year preceding the year in which valuation is undertaken, from the exercise of profession, exceeds fifty lakh rupees; (B) if he is a member or partner in a

Fair market value of assets in certain cases.

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