This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Addition Under Section 56(2)(vii)(b) Without DVO Valuation Invalid
Case Law Details
- Case Name
- Bhavnaben Sanjaykumar Mistry Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Ahmedabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Bhavnaben Sanjaykumar Mistry Vs ITO (ITAT Ahmedabad)
ITAT Ahmedabad held that addition under section 56(2)(vii)(b) of the Income Tax Act without referring valuations of property to DVO as per the provisions of sec-50C of the Income Tax Act is liable to be deleted. Accordingly, appeal allowed.
Facts- The return for the year under consideration was filed by the assessee on 20.10.2024 declaring income of Rs.14,08,850/- which was accepted by AO. Subsequently, vide order dated 27.03.2019, the order of AO u/s 143(3) was set aside by Pr. CIT to the file of AO with the directions to complete the asses...
Author Info
