Show Cause Notice - Valuation of Asset etc under section 142A

During the Income tax case of any person the Income tax Officer may ask the Valuation Officer to estimate the value, including fair market value, of any asset, property or investment of such person and submit a copy of report to him. The valuation officer in return issue notice(s) under section 142A to the said person for taking information about that asset, property or investment or it can be said that the valuation officer gives opportunity to the person to submit his / her point, afterwards on receipt of valuation report by Income tax Officer from valuation officer, the notice under section 142A is also issued by the Income tax Officer to the person to put forth his contentions before him.