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2018 (9) TMI 343 - AT - Income TaxAddition u/s. 50C - mandation on the part of the AO to refer the matter to the DVO - Held that:- The matter be remitted to the file of the Assessing Officer for adjudication of the same de novo upon making reference to the DVO and to complete the assessment on the basis of the valuation so received from the DVO. We pass orders accordingly and direct the Assessing Officer to decide the matter afresh on the basis of the valuation to be made by the DVO by passing a speaking order in accordance with law upon giving a reasonable opportunity of hearing to the assessee. - Appeal of the assessee is allowed for statistical purposes.
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