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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Addition u/s 56(2)(vii)(b) - purchase of immovable property on ...


Assessing Officer Must Refer Property Valuation to District Valuation Officer Under Income Tax Act Section 56(2)(vii)(b.

April 18, 2019

Case Laws     Income Tax     AT

Addition u/s 56(2)(vii)(b) - purchase of immovable property on less than stamp duty value - it was incumbent upon the AO to refer the matter to the District Valuation Officer

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