[aaykarbhavan] ITAT teaches basics to AO; reference should be made to DVO if assessee objects to stamp duty valuation

ITAT teaches basics to AO; reference should be made to DVO if assessee objects to stamp duty valuation

July 23, 2014[2014] 46 taxmann.com 260 (Pune - Trib.)

IT : Where assessee had title over land and he objected before Assessing Officer about value adopted by Stamp Valuation Authority which exceeded fair market value of land, Assessing Officer should have made reference to valuation officer under section 50C(2)

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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