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2014 (5) TMI 1142 - AT - Income TaxReference to the DVO u/s. 55A - valuation of the registered valuer of the assessee should be accepted and not the valuation given by the DVO - Held that:- Assessing Officer has no power to make the reference to the DVO for the A.Y. 2008-09 by invoking u/s. 55A of the Income-tax Act for determining fair market value as on 01-04-1981. Moreover, the issue has been decided in favour of the assessee by the jurisdictional High Court in the case of CIT Vs. Puja Prints [2014 (1) TMI 764 - BOMBAY HIGH COURT]. We, therefore, find no reason to interfere with the order of the Ld. CIT(A). Accordingly, the same is confirm and grounds taken by the Revenue are dismissed.
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