https://www.taxtmi.com/caselaws?id=248379 The appeal challenged the AO's addition to Long Term Capital Gain (LTCG) based on a reference to the DVO under section 55A of the Income Tax Act. The CIT(A) held the reference invalid, citing non-compliance with statutory conditions. The Bombay High Court precedent supported the assessee, leading to deletion of the addition, upheld by the Tribunal. The Revenue's appeal was dismissed, affirming the deletion of the addition and dismissing the cross-objection by the assessee. The case underscores the significance of complying with statutory requirements for references to the DVO and the impact on LTCG additions. en-us Fri, 23 May 2014 00:00:00 +0530 Wed, 11 Jun 2014 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248379 The appeal challenged the AO's addition to Long Term Capital Gain (LTCG) based on a reference to the DVO under section 55A of the Income Tax Act. The CIT(A) held the reference invalid, citing non-compliance with statutory conditions. The Bombay High Court precedent supported the assessee, leading to deletion of the addition, upheld by the Tribunal. The Revenue's appeal was dismissed, affirming the deletion of the addition and dismissing the cross-objection by the assessee. The case underscores the significance of complying with statutory requirements for references to the DVO and the impact on LTCG additions. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248379