Rule 172: accountants, out of the persons referred to in section 515(3)(b); and

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Rule 172 - accountants, out of the persons referred to in section 515(3)(b); and

172. (1) Every Chief Commissioner of Income-tax shall, for the purposes of section 268(5)(i) and (ii), shall maintain a panel of— (a) accountants, out of the persons referred to in section 515(3)(b); and (b) cost accountants, out of the persons referred to in section 268(13). (2) Where the Assessing Officer directs— (a) for audit under section 268(5)(i); or (b) for inventory valuation under section 268(5)(ii), the expenses of, and incidental to, audit or inventory valuation (including the remune

Jurisdiction of Valuation Officers as per section 2(110) read with section 269.

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