Right to DVO Valuation Ignored – ITAT Sends Case Back for DVO Valuation

Vanrajsinh D. Vaghela Vs ITO (ITAT Ahmedabad) Assessee, an individual & a villager, sold an immovable property. In the sale deed, the declared consideration was lower than the stamp duty/collector rate. AO invoked Sec. 50C & made an addition of ₹26,24,684 being the difference between stated sale price & stamp duty valuation. Assessee did not appear during assessment proceedings as it was the first year of e-proceedings & he was unaware of the online system. AO passed the assessment ex parte. Assessee filed appeal before CIT(A), but even those proceedings were conducted ex par...