Reference made to DVO under section 55A on the ground that value declared by assessee, as per Government registered valuer’s report was more than FMV, was not justified as AO could make reference to DVO only when he was of the opinion that value claimed in the registered valuer’s report was less than the fair market value.
Why you should pay 18% interest when personal loan at 13% or gold loans are available at 14% or take a loan against your provident fund at 12% or partially withdraw you Public Provident account and pay off your Credit Card outstanding balance? Is it not foolhardy to pay 18% to Credit Card Companies by opting for Minimum Balance Payment?
