67. Reference to valuers.-

(1)   Where, in the course of any assessment proceedings, the Deputy Commissioner is of the opinion that the value of any capital asset shown in any return, statement or other document furnished by an assessee is not correct, he may, either on an application by the assessee or otherwise, refer the matter to a valuer or valuers for ascertaining the proper value of such asset.

(2)   Nothing contained in sub-section (1) shall be so construed as to make it obligatory on the Deputy Commissioner to make a reference to a valuer or valuers, as the case may be, or to adopt the value as determined by any valuer or valuers.

(3)   The Central Board of Revenue may make rules to give effect to the provisions of this section and to provide for any matter connected with, or incidental to, the operation of this section.