ITAT set-aside order as AO didn't refer matter to DVO after receiving objection against adoption of stamp duty value

INCOME TAX : Where assessee objects to adoption of stamp duty value as deemed sale consideration, Assessing Officer is duty-bound to make a reference to DVO under sub-section (2) of section 50C for determining value of property and thereafter proceed to compute capital gains by following provisions of sub-section (3) of section 50C

from www.taxmann.com Latest Case Laws https://ift.tt/2Q8kkm3