Reference to DVO when assessee relied on estimate made by Registered Valuer

Pr. CIT Vs Late Shantaben P. Patel (Gujarat High Court) In this case Since assessee had relied on the estimate made by the Registered Valuer for the purpose of supporting its value of the asset, any such situation would be governed by clause (a) of section 55A and AO could not have resorted to clause (b). FULL TEXT OF THE HIGH COURT ORDER / JUDGMENT 1. The Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 02.04.2018. 2. The following question has been presented for our consideration; “Whether the Appellate Tribunal has erred on the facts and in law in delet...