AO was bound to refer matter to Valuation Officer if assessee claimed that stamp duty value of property exceeded FMV

IT: Where assessee claims that value adopted or assessed or assessable by stamp valuation authority exceeds fair market value of property as on date of transfer and assessee raised specific dispute and claim before Assessing Officer that stamp valuation of property sold was not its 'fair market value', it is bounden duty of Assessing Officer to have referred matter to Valuation Officer

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