The Income Tax Appellate Tribunal ( ITAT ), Delhi bench has held that the reference of the matter by the Assessing Officer to DVO for valuation of the property is not mandatory under section 50C of the Income Tax Act. As per the Act, the AO (assessing officer) may refer the matter to DVO (district […]
The post Reference of Matter by AO to DVO for valuation of Property is Not Mandatory: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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