Failure to seek DVO Report vitiates 50C addition- ITAT Remands Case to AO

Shashikant Damodar Patil Vs ITO (ITAT Mumbai) AO duty-bound to refer valuation dispute to DVO u/s 50C(2)- Failure to seek DVO Report vitiates 50C addition- ITAT Remands Case to AO In Shashikant Damodar Patil v. ITO,  the Mumbai   ITAT set aside a long-term capital gains addition made u/s, holding that AO was duty-bound to refer the matter to  DVO when the assessee disputed the stamp duty valuation. Assessee had sold inherited land for ₹50 lakh pursuant to an agreement to sell originally executed by his father in 1981 and modified in 1983. Due to prolonged litigation, the conveyance deed ...