Assessing Officer was not justified in making reference to the ...

Assessing Officer's incorrect referral to valuation cell u/s 142A for capital gains, not for fair market value.

December 18, 2011

Case Laws Income Tax AT

Assessing Officer was not justified in making reference to the valuation cell under section 142A of the Act as the reference is to be made for the purpose of determination of fair market value of the investment covered under section 69, 69A and 69B of the Act and not for the purpose of computation of capital gains u/s 48 of the Act. .... - AT

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Assessing Officer was not justified in making reference to the ...

Assessing Officer's incorrect referral to valuation cell u/s 142A for capital gains, not for fair market value.

December 18, 2011

Case Laws Income Tax AT

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