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2017 (1) TMI 849 - HC - Income TaxRejection of books - reference to DVO - whether the A.O. could have made a reference under Section 142A of the Act? - Held that:- This issue is no longer res integra as it has been settled by the Apex Court. The only circumstances under which a matter can be referred to the DVO is, when the books of account of the assessee have been rejected. The facts in the present case are otherwise. The law as settled by the Apex Court in the case of Sargam Cinema Vs. CIT (2009 (10) TMI 569 - Supreme Court of India ) covers the matter squarely wherein held that matter could not refer to the Departmental Valuation Officer without the books of account being rejected.- Decided in favour of the assessee
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