https://www.taxtmi.com/caselaws?id=185477 The Tribunal set aside the CIT(A)'s order regarding the valuation of a property under section 50C of the Income-tax Act, 1961. The Tribunal directed the Assessing Officer to refer the matter for valuation by the Valuation Officer (D.V.O.) based on the provisions of section 50C and a decision from the Jodhpur Bench. The appeal was allowed for statistical purposes, emphasizing the need for proper valuation procedures in determining the consideration of the asset sold. en-us Fri, 25 Jun 2010 00:00:00 +0530 Sat, 13 Aug 2016 12:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185477 The Tribunal set aside the CIT(A)'s order regarding the valuation of a property under section 50C of the Income-tax Act, 1961. The Tribunal directed the Assessing Officer to refer the matter for valuation by the Valuation Officer (D.V.O.) based on the provisions of section 50C and a decision from the Jodhpur Bench. The appeal was allowed for statistical purposes, emphasizing the need for proper valuation procedures in determining the consideration of the asset sold. Case-Laws Income Tax Fri, 25 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185477