Failure to refer matter to Departmental Valuation Officers for Assessing Fair Market Value of Land Property: ITAT Partly allows Appeal [Read Order]

The ITAT observed that the lower authorities ought to have referred the matter to the DVO for valuing the fair market value of the land
ITAT - ITAT Kolkata - Income Tax - Assessing Officer - taxscan

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has directed readjucation on the concerned grounds due to the lower authority’s failure to refer the matter to the Departmental Valuation Officers ( DVO ) for assessing the fair market value of the land property. The appeal stemmed from the addition of Rs….

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader