https://www.taxtmi.com/caselaws?id=292060 The Tribunal held that the reference to the Departmental Valuation Officer (DVO) under the amended Section 55A was not valid for the assessment year 2012-13. It was determined that the valuation should be based on the registered valuer's report as of 01/04/1981, and the addition of long term capital gains based on the DVO's report was directed to be deleted. The appeals of the assessees were allowed, with the same legal reasoning applied to related appeals. en-us Wed, 26 Jun 2019 00:00:00 +0530 Sat, 05 Dec 2020 12:13:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292060 The Tribunal held that the reference to the Departmental Valuation Officer (DVO) under the amended Section 55A was not valid for the assessment year 2012-13. It was determined that the valuation should be based on the registered valuer's report as of 01/04/1981, and the addition of long term capital gains based on the DVO's report was directed to be deleted. The appeals of the assessees were allowed, with the same legal reasoning applied to related appeals. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292060