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Income Tax - Highlights / Catch Notes

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Validity of valuation report submitted by the DVO - Period of ...

Income Tax

November 17, 2023

Validity of valuation report submitted by the DVO - Period of limitation - the valuation report is dated 28.10.2016 which is beyond the prescribed time of 30.09.2016. Hence, it is evident that the said valuation report of Id. DVO is barred by limitation and, hence, cannot be relied upon by either party in the eyes of law. - AT

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