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2013 (7) TMI 219 - ITAT MUMBAIReferring the matter to the DVO u/s 55A - Rejection of valuation report given by Registered Government Approved Valuer in respect of the property sold by the appellant - assessment of income of the assessee at Rs.17,20,920/- instead of Rs. 2,54,740/- as declared by the appellant - Held that:-Refering to Sarala N. Sakaraney v/s ITO [2010 (7) TMI 832 - ITAT MUMBAI] the conditions as enumerated in clause (a) of section 55A are also not satisfied in the present case as AO has not formed any opinion that value declared by the assessee on the basis of registered valuer's report is not correct or less than FMV. Thus, the reference to the DVO itself was unwarranted in terms of section 55A. - Decided in favour of assessee.
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