https://www.taxtmi.com/caselaws?id=282686 The tribunal determined that the Assessing Officer's (AO) reference to the District Valuation Officer (DVO) under the unamended Section 55A of the Income Tax Act was invalid. It concluded that the amendment to Section 55A, effective from 1st July 2012, did not have retrospective effect. Consequently, the tribunal set aside the AO's order and allowed the assessee's appeal, affirming that the reference to the DVO was unjustified under the legal framework applicable to the assessment year in question. en-us Fri, 05 Jan 2018 00:00:00 +0530 Thu, 14 Nov 2024 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282686 The tribunal determined that the Assessing Officer's (AO) reference to the District Valuation Officer (DVO) under the unamended Section 55A of the Income Tax Act was invalid. It concluded that the amendment to Section 55A, effective from 1st July 2012, did not have retrospective effect. Consequently, the tribunal set aside the AO's order and allowed the assessee's appeal, affirming that the reference to the DVO was unjustified under the legal framework applicable to the assessment year in question. Case-Laws Income Tax Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282686