https://www.taxtmi.com/caselaws?id=189995 The court held that the Assessing Officer's reference to the Departmental Valuation Officer (DVO) under Section 55A of the Income Tax Act to ascertain the fair market value of the capital asset was unwarranted. It emphasized that the 'full value of consideration' for capital gains tax should be the actual sale price, not the fair market value, unless specified by the Act. As the conditions for invoking Section 55A were not met, the appeal was dismissed in favor of the assessee. en-us Wed, 05 Mar 2014 00:00:00 +0530 Mon, 30 Jan 2017 20:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189995 The court held that the Assessing Officer's reference to the Departmental Valuation Officer (DVO) under Section 55A of the Income Tax Act to ascertain the fair market value of the capital asset was unwarranted. It emphasized that the 'full value of consideration' for capital gains tax should be the actual sale price, not the fair market value, unless specified by the Act. As the conditions for invoking Section 55A were not met, the appeal was dismissed in favor of the assessee. Case-Laws Income Tax Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189995