As the value shown by the assessee was not less than the FVM, ...

Amendment to Section 55A: No Basis for AO to Refer to DVO as Value Meets Fair Market Standards.

October 18, 2014

Case Laws Income Tax AT

As the value shown by the assessee was not less than the FVM, there was no justification for making any reference to the DVO, by the AO in the year under consideration. Amendment to the section 55A of the Act is effective from 01. 07. 201 - AT

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As the value shown by the assessee was not less than the FVM, ...

Amendment to Section 55A: No Basis for AO to Refer to DVO as Value Meets Fair Market Standards.

October 18, 2014

Case Laws Income Tax AT

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