Sec. 142A couldn’t be invoked to determine FMV of land without assigning reasons for rejecting declared value

INCOME TAX : Power to make reference under section 142A is restricted to matters concerning sections 69, 69A or 69B and since subject matter of examination in said sections is understatement in value of investments acquired during year, reference under section 142A could not have been made for finding out extent of alleged overstatement in value of investment

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000192689/sec-142a-couldn’t-be-invoked-to-determine-fmv-of-land-without-assigning-reasons-for-rejecting-declared-value.aspx