Thursday, November 13, 2014

[aaykarbhavan] HC directs AO to re-compute capital gains after referring the valuation of capital asset to Valuation Officer



HC directs AO to re-compute capital gains after referring the valuation of capital asset to Valuation Officer
November 13, 2014[2014] 49 taxmann.com 513 (Madras)/[2014] 226 Taxman 111 (Madras)(MAG.)
IT: Where assessee made an objection with regard to adoption of market value under section 50C(1), Assessing Officer should have referred valuation of capital asset 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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