Invoking Section 50C provisions without referring matter to valuation officer not justified: ITAT

INCOME TAX : Where in respect of sale of property by assessee, Assessing Officer made addition to taxable income by invoking provisions of section 50C, in view of fact that valuation of property sold on basis of stamp duty valuation as on date of registration had been determined without referring matter to DVO, impugned addition made by Assessing Officer was to be deleted

from www.taxmann.com Latest Case Laws https://ift.tt/32bKJ58