ITAT Directs AO to Apply DVO Valuation Already Adopted in Co-owner’s Case

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, Vadodara was sold for...