https://www.taxtmi.com/caselaws?id=337650 The Tribunal allowed all the appeals of the assessee, as the reference made by the AO to the DVO regarding Fair Market Value as on 01/04/1981 for AY 2004-2005 was deemed invalid. The Tribunal held that the reference was not justified when the FMV offered by the assessee was higher than the DVO's valuation, citing a precedent from the Bombay High Court and the relevant amendment in Section 55A(a) by the Finance Act 2012. en-us Mon, 09 Jan 2017 00:00:00 +0530 Fri, 13 Jan 2017 10:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337650 The Tribunal allowed all the appeals of the assessee, as the reference made by the AO to the DVO regarding Fair Market Value as on 01/04/1981 for AY 2004-2005 was deemed invalid. The Tribunal held that the reference was not justified when the FMV offered by the assessee was higher than the DVO's valuation, citing a precedent from the Bombay High Court and the relevant amendment in Section 55A(a) by the Finance Act 2012. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337650