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Matter Remanded – Reason: CIT(A) Abdicated Jurisdiction by Merely Endorsing DVO’s Report

Case Law Details

Case Name
Vijay Shambhulal Jobanputra Vs ACIT (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2012-13
Advertisement Vijay Shambhulal Jobanputra Vs ACIT (ITAT Mumbai) CIT(A) cannot abdicate its jurisdiction nor can it dispose of substantive objections by a mere endorsement of the DVO’s report without independent application of mind. ITAT Mumbai Sets Aside NFAC Order for Non-Compliance of Earlier Directions; Remands DVO Valuation Dispute for Fresh Speaking Order With Full Opportunity The assessee, a senior citizen, challenged the NFAC’s order upholding the DVO’s valuation of his Koregaon Park, Pune property as on 01.04.1981 for capital gains computation. The AO had rejected the assesse...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,842

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