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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Applicability of section 50C – even though the assessee had ...


Assessee Challenges Section 50C; Valuation Not Referred as Required, Case Sent Back for Review.

September 1, 2014

Case Laws     Income Tax     HC

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

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