Revision u/s 263 - failure of AO to not referring the matter to ...
Section 263: AO's Acceptance of Asset Valuation Without DVO Referral Upheld; No Error in Inquiry Found.
July 20, 2019
Case Laws Income Tax HC
Revision u/s 263 - failure of AO to not referring the matter to the DVO for valuation of construction work - when the AO has taken a broad view by accepting the cost of fixed assets as recorded in the books of account and supported by the valuation report, then the order of the AO cannot be held to be erroneous on the ground of lack of enquiry
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