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Case Law Details

Case Name : PCIT Vs Shantaben P. Patel (Gujarat High Court)
Related Assessment Year :
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PCIT Vs Shantaben P. Patel (Gujarat High Court) The Gujarat High Court considered a tax appeal filed by the Revenue against the order of the Income Tax Appellate Tribunal dated 02.04.2018. The issue arose in relation to Assessment Year 2011-12 and concerned the deletion of an addition of ₹13,97,290 made on account of Long-Term Capital Gains. The question before the Court was whether the Tribunal had erred in deleting the addition and whether the Assessing Officer was justified in making a reference to the District Valuation Officer (DVO) for determining the fair market value of an asset as o...
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