Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2008 (4) TMI 292 - HC - Income Tax
Computation of capital gains - reference to the DVO - reference by AO was made before filing of return of income by the assessee - AO could not have formed any opinion as to existence of difference between the value of the asset as claimed by the assessee and the fair market value – reference can be made only when AO records opinion that value had been underestimated by assessee - S. 55A could not have been resorted to by the AO - reference to valuation officer is quashed and set aside