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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Reference of the matter to the DVO for valuation - difference in ...


Discrepancy in Property Valuation: No Referral to DVO Needed Without Evidence of Additional Consideration, Says Court.

February 1, 2020

Case Laws     Income Tax     AT

Reference of the matter to the DVO for valuation - difference in value adopted for stamp violation and actual amount received for sale of the immovable property - there is no need to refer the matter to the DVO for valuation, as there is no material in the hands of the AO to consider the additional consideration passed between the parties, as such the addition cannot be made in this case.

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