TMI BlogAssessee Challenges Section 50C; Valuation Not Referred as Required, Case Sent Back for Review.Applicability of section 50C – even though the assessee had made an objection for invoking Section 50C(1), the AO had not referred the valuation to the Valuation Officer as per Section 50C(2) - matter remanded back - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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