Capital gain computation - valuation of property - Valuation ...

Assessees Can Contest DVO Valuation Reports in Capital Gain Cases; Grievance Mechanism Needed for Inaccuracies.

May 3, 2021

Case Laws Income Tax AT

Capital gain computation - valuation of property - Valuation report of DVO, after all, cannot be treated as the last word on valuation, and there has to be a grievance redressal mechanism against incorrectness of the DVO’s valuation- particularly when the DVO has not properly disposed of the objections of the assessee. It is abundantly clear from the precedents cited above, that correctness of a DVO’s report can be challenged by the assessee. - AT

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Capital gain computation - valuation of property - Valuation ...

Assessees Can Contest DVO Valuation Reports in Capital Gain Cases; Grievance Mechanism Needed for Inaccuracies.

May 3, 2021

Case Laws Income Tax AT

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