If Assessee challenges adoption of Section 50C than A.O. must refer valuation to Valuation Officer

IN THE ITAT BANGALORE BENCH ‘A’ Smt. T.V. Nagasena V/s. Income-tax Officer, Ward 13(1), Bangalore IT Appeal No. 296 (Bang.) of 2011 [Assessment year 2008-09] May 31, 2012 ORDER Jason P. Boaz, Accountant Member This appeal by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-V, Bangalore dated 4.3.2011 for the Assessment Year 2008-09. 2. The facts of the case, in brief, are as under : The assessee, an individual, employed as Stenographer with the office of the Accountant General (A&E), Bangalore filed her return of income fo...