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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Valuation of the property - Department has not made any ...


Property Valuation Dispute: Department Faulted for Not Conducting Independent Inquiry, Relied on Sub-Registrar's Guideline Value.

February 28, 2014

Case Laws     Income Tax     AT

Valuation of the property - Department has not made any independent investigation and simply adopted the guideline value as provided by the Sub-Registrar and accepted by the AO for determining the fair market value, which in our opinion, is found to be incorrect - AT

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