ITAT directs to deletes addition made in respect of Capital Gains by adopting the value of property as per DVO Report [Read Order]

ITAT - ITAT Kolkata - Income Tax - Capital Gains - TAXSCAN

The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) directed to delete additions made in respect of capital gain by adopting the value of property as per DVO report. The Assessee Arijit Chakraborty sold a property for the financial year 2004-05. During the assessment proceedings the Assessing Officer referred to the Departmental Valuation Officer…

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