https://www.taxtmi.com/caselaws?id=234726 The Tribunal upheld the decision of the learned Commissioner (Appeals) and dismissed the Revenue's appeal, ruling that the reference to the DVO under section 55A was invalid as the condition was not met. The judgment favored the assessee, emphasizing the necessity for the Assessing Officer to have a valid basis for questioning the value declared by the assessee before making such a reference. Legal analysis and precedents supported the dismissal of the appeal, confirming the order of the learned Commissioner (Appeals). en-us Wed, 15 May 2013 00:00:00 +0530 Tue, 25 Jun 2013 20:18:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234726 The Tribunal upheld the decision of the learned Commissioner (Appeals) and dismissed the Revenue's appeal, ruling that the reference to the DVO under section 55A was invalid as the condition was not met. The judgment favored the assessee, emphasizing the necessity for the Assessing Officer to have a valid basis for questioning the value declared by the assessee before making such a reference. Legal analysis and precedents supported the dismissal of the appeal, confirming the order of the learned Commissioner (Appeals). Case-Laws Income Tax Wed, 15 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234726