Madras HC orders Rectification of Income Tax Assessment Order w.r.t. Addition on Sale Consideration based on DVO’s Report [Read Order]
Considering the availability of the valuation report dated, the assessing officer is directed to reconsider the matter
By Navasree A.M - On May 10, 2024 7:03 pm - 2 mins read
The Madras High Court directed the assessing officer to rectify the Income Tax Assessment order with regards to the sale consideration based on the District Valuation Officer’s ( DVO ) report. The validity of an assessment order dated 18.03.2024 has been called into question due to a confirmed variation concerning the variance between the sale…
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