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Income Tax - Highlights / Catch Notes

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Jurisdiction of CIT(A) to make a reference to DVO to determine ...

Income Tax

April 29, 2015

Jurisdiction of CIT(A) to make a reference to DVO to determine the FMV of the property - The Revenue insists that the power is being exercised only under Section 250(4) alone - reference is invalid and set aside - However reference can be made u/s 55A subject to conditions stipulated therein - HC

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