https://www.taxtmi.com/caselaws?id=274845 The Tribunal allowed the appeal, remitting the matter to the Assessing Officer for adjudication de novo after referring the issue to the DVO under section 50C(2). The Tribunal emphasized the necessity for the AO to provide the option to the assessee to follow the course under section 50C(2), even without a specific request. This decision was based on established legal principles and precedents, ensuring compliance with the Income Tax Act, 1961. en-us Tue, 22 Aug 2017 00:00:00 +0530 Fri, 07 Sep 2018 07:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274845 The Tribunal allowed the appeal, remitting the matter to the Assessing Officer for adjudication de novo after referring the issue to the DVO under section 50C(2). The Tribunal emphasized the necessity for the AO to provide the option to the assessee to follow the course under section 50C(2), even without a specific request. This decision was based on established legal principles and precedents, ensuring compliance with the Income Tax Act, 1961. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274845