Case Law Details
Case Name : Masud Ahmed Qureshi Vs ITO (ITAT Pune)
Related Assessment Year :
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Brief of the Case: In the case of Masud Ahmed Qureshi v ITO it was held by ITAT Pune that whenever, there is a dispute regarding the valuation u/s 50C, it would be better to refer the matter to the Valuation Officer so that the proper report could be furnished regarding it.
Facts of the case: The ld. AO noted that the assessee had purchased agricultural land Rs.4,10,000/- on 30-10-2000 which he sold for Rs.5 lakhs on 08-05-2007. On verification of the afore
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