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ITAT Directs AO to Apply DVO Valuation Already Adopted in Co-owner’s Case
Case Law Details
- Case Name
- Vasantiben Chimanbhai Patel Vs DCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Ahmedabad
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Vasantiben Chimanbhai Patel Vs DCIT (ITAT Ahmedabad)
When Co-owner’s Value Fixed by DVO, Same Must Apply – Tribunal Grants Relief in 50C Dispute; 50C Addition Reworked – ITAT Directs AO to Apply DVO Valuation Already Adopted in Co-owner’s Case
Ahmedabad Tribunal restored matter to AO with direction to recompute capital gains by adopting DVO valuation already made in case of co-owners of the same property.
Assessee, engaged in dairy farming & brokerage, originally filed return declaring income of Rs.3.80 lakh. Information was received that land at Jambua, Vado...
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