Reference of matter to the Valuation Officer - Instead of ...

Case Laws Income Tax

November 14, 2016

Reference of matter to the Valuation Officer - Instead of leaving any discretion in the hands of the AO in working out, all that the Tribunal did was to direct the AO to get guided by the principles contained in the Rent Control Act in the matter of fixation of fair rent - Order of ITAT upheld - HC

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Reference of matter to the Valuation Officer - Instead of ...

Case Laws Income Tax

November 14, 2016

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The Income Tax Appellate Tribunal (ITAT) held that when the valuation officer fails to submit the valuation report within a reasonable time, the assessing officer cannot...

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