Addition being difference between the actual sale consideration ...

Tax Dispute: CIT(A) Must Refer Property Valuation to DVO u/s 56(2)(ii)(b) for Accurate Income Assessment.

March 30, 2020

Case Laws Income Tax AT

Addition being difference between the actual sale consideration and the stamp valuation of immovable property - deemed income u/s 56(2)(ii)(b) - CIT(A) has coterminous powers with the assessee officer, ought to have referred the matter for valuation to the Departmental Valuation Officer( in short DVO). - Directed accordingly.

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Addition being difference between the actual sale consideration ...

Tax Dispute: CIT(A) Must Refer Property Valuation to DVO u/s 56(2)(ii)(b) for Accurate Income Assessment.

March 30, 2020

Case Laws Income Tax AT

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