https://www.taxtmi.com/caselaws?id=397246 The Tribunal upheld the Ld. CIT(Appeals)' findings and dismissed the Revenue's appeals in ITA No.1941/PUN/2019 and ITA No.1943/PUN/2019, affirming that the AO lacked authority to refer the matter to the DVO for FMV determination. Appeals in ITA No.1934/PUN/2019, ITA No.1942/PUN/2019, and ITA No.1944/PUN/2019 were dismissed due to low tax effect as per the recent CBDT Circular, with all Revenue appeals being dismissed. en-us Mon, 08 Jun 2020 00:00:00 +0530 Tue, 11 Aug 2020 08:04:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397246 The Tribunal upheld the Ld. CIT(Appeals)' findings and dismissed the Revenue's appeals in ITA No.1941/PUN/2019 and ITA No.1943/PUN/2019, affirming that the AO lacked authority to refer the matter to the DVO for FMV determination. Appeals in ITA No.1934/PUN/2019, ITA No.1942/PUN/2019, and ITA No.1944/PUN/2019 were dismissed due to low tax effect as per the recent CBDT Circular, with all Revenue appeals being dismissed. Case-Laws Income Tax Mon, 08 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397246