Section 514 — Power of PCCIT-CCIT to Discipline Authorised Representatives | ITA 2025

Section 514 of the Income-tax Act, 2025 corresponds to s. 288(5) of the Income-tax Act, 1961. STATUTORY ARCHITECTURE PCCIT / CCIT / PCIT may, after hearing, debar an AR from appearing before income-tax authorities for misconduct.…

Section 514 — - POWER OF PCCIT/CCIT TO DISCIPLINE AUTHORISED REPRESENTATIVES

Section 514 of the Income-tax Act, 2025 corresponds to s. 288(5) of the Income-tax Act, 1961.

Statutory text — Income-tax Act, 2025

( 1) The Principal Chief Commissioner or Chief Commissioner, or the Principal Director General or Director General, shall maintain a register of valuers in which the names and addresses of persons registered under sub-section

(2) shall be entered.

(2) Any person, possessing such qualification for valuing such class of assets, as may be prescribed, may apply to the Principal Chief Commissioner or Chief Commis- sioner, or the Principal Director General or Director General, for getting registered as a valuer, in such form, verified in such manner and accompanied by such fee, as may be prescribed, along with a declaration stating that the applicant will––

(a) conduct an impartial and true valuation of any asset required to be val- ued;

(b) furnish a valuation report in the prescribed form;

(c) charge fees not exceeding the prescribed rate or rates; and

(d) refrain from undertaking the valuation of any asset in which such person has a direct or indirect interest.

(3) The valuation report prepared by a registered valuer for any asset shall be in such form and verified in such manner, as may be prescribed. Appearance by authorised representative.

STATUTORY ARCHITECTURE

PCCIT / CCIT / PCIT may, after hearing, debar an AR from appearing before income-tax authorities for misconduct.

PRACTITIONER PLANNING NOTES

Procedural fairness -- show-cause + hearing; appeal to Board.

CROSS-REFERENCES

s. 533 [295] -- Rules.
s. 535 [298] -- Removal of difficulty.
s. 536 [Repeal] -- Saving clause.

← All sections (537)Act 2025 hub

INCOME-TAX ACT, 2025	INCOME-TAX ACT, 1961
2025 provision	1961 counterpart
s. 514 -- Power of PCCIT/CCIT to Discipline Authorised Representatives	s. 288(5)