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2018 (5) TMI 1723 - AT - Income TaxDetermination of fair market value u/s 50C(2) - capital gain computation - obligation to refer the matter to the Valuation Officer to ascertain the fair market value of the property - Held that:- If the assessee has made a specific claim before the AO to get the fair market value ascertain from the valuation authority, then AO is under legal obligation to call for the valuation report failing which assessment order is not valid and justified. See ITO vs. M/s Aditya Narian Verma (HUF) [2017 (6) TMI 542 - ITAT DELHI]- Decided in favor of assessee.
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