Disputing stamp duty valuation adopted by AO first time before CIT(A) is valid: ITAT

INCOME TAX: Assessee had purchased immovable property and there was a difference of value as disclosed by assessee and adopted by Stamp Valuation Authority and assessee had not objected before Assessing Officer regarding valuation adopted by Stamp Valuation Authority but first time made objection before Commissioner (Appeals) regarding valuation of property. Whether since Commissioner (Appeals) has coterminous powers with Assessing Officer, he ought to have referred matter for valuation to Depar

from www.taxmann.com Latest Case Laws https://ift.tt/3d8fIDt