https://www.taxtmi.com/highlights?id=17587 Penalty u/s 271(1)(c) - it is one of the rare cases wherein even working of section 50C cannot really be effective at all inasmuch as the very asset, which was required to be valued by DVO, was demolished before valuation could take place - penalty deleted - AT en-us Thu, 06 Mar 2014 18:11:08 +0530 Thu, 06 Mar 2014 18:11:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=17587 Penalty u/s 271(1)(c) - it is one of the rare cases wherein even working of section 50C cannot really be effective at all inasmuch as the very asset, which was required to be valued by DVO, was demolished before valuation could take place - penalty deleted - AT Highlights Income Tax Thu, 06 Mar 2014 18:11:08 +0530 https://www.taxtmi.com/highlights?id=17587