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2016 (7) TMI 1321 - AT - Income TaxReference u/s.55A made to the DVO - Held that:- The fair market value as on 01-04-1981 claimed by the assessee on the basis of the registered valuer’s report was more than the fair market value sought to be adopted by the AO, therefore, no reference could have been made by the AO u/s.55A of the Act to the DVO. In view of the above discussion, set aside the order of the CIT(A) and direct the AO to delete the addition - Decided in favour of assessee.
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