https://www.taxtmi.com/caselaws?id=290738 The Tribunal upheld the CIT(A)'s decision, quashing the AO's addition under Section 50C and allowing the deduction under Section 54F. The AO's failure to refer valuation to the DVO, despite the assessee's request, rendered the assessment order unsustainable. The Tribunal dismissed the Revenue's appeal, emphasizing the AO's duty to follow statutory procedures and the principle of finality in legal proceedings. en-us Wed, 10 Oct 2018 00:00:00 +0530 Wed, 14 Oct 2020 10:41:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290738 The Tribunal upheld the CIT(A)'s decision, quashing the AO's addition under Section 50C and allowing the deduction under Section 54F. The AO's failure to refer valuation to the DVO, despite the assessee's request, rendered the assessment order unsustainable. The Tribunal dismissed the Revenue's appeal, emphasizing the AO's duty to follow statutory procedures and the principle of finality in legal proceedings. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290738