https://www.taxtmi.com/caselaws?id=362357 The appeal filed by the revenue was dismissed. The CIT(A) correctly directed the AO to determine the property value under section 50C(2) of the Income Tax Act, 1961, emphasizing the CIT(A)'s authority to instruct the AO for valuation and the AO's duty to offer the assessee the option for valuation by the Valuation Officer to ensure fairness and legal compliance. en-us Wed, 20 Jun 2018 00:00:00 +0530 Sat, 23 Jun 2018 08:35:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362357 The appeal filed by the revenue was dismissed. The CIT(A) correctly directed the AO to determine the property value under section 50C(2) of the Income Tax Act, 1961, emphasizing the CIT(A)'s authority to instruct the AO for valuation and the AO's duty to offer the assessee the option for valuation by the Valuation Officer to ensure fairness and legal compliance. Case-Laws Income Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362357