Matter to be referred to DVO if assessee challenged valuation of property u/s 50C by citing certain reasons : ITAT

IT: Where assessee had challenged value of property determined under section 50C by Assessing Officer on ground that while valuing shares of other co-owners, area occupied by tenant was reduced and property was valued on basis of rent capitalization method, whereas in case of assessee, no such reduction was allowed, Assessing Officer should have referred matter to DVO for valuation of property as per section 50C(2)

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