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2010 (5) TMI 511 - AT - Income TaxReference u/s 50C(2) of the Income-tax Act, 1961 - the assessee had, in the relevant previous year, sold a property by a deed registered on May 4, 2006 - Held that:- Failure of the Assessing Officer to refer valuation to the Valuation Officer definitely prejudiced the assessee to its detriment and also took away from it, a valuable right vested in it under the statute. - Matter remanded back to AO with direction.
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