https://www.taxtmi.com/caselaws?id=403856 The Tribunal held that the reference to the District Valuation Officer (DVO) for determining the fair market value (FMV) of land was invalid, deleting the related additions to Long Term Capital Gain (LTCG). The penalty under section 271(1)(c) for concealment of income was remanded to the Commissioner (Appeals) for fresh consideration, ensuring the assessee's right to a fair hearing. en-us Fri, 15 Jan 2021 00:00:00 +0530 Wed, 10 Feb 2021 09:31:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403856 The Tribunal held that the reference to the District Valuation Officer (DVO) for determining the fair market value (FMV) of land was invalid, deleting the related additions to Long Term Capital Gain (LTCG). The penalty under section 271(1)(c) for concealment of income was remanded to the Commissioner (Appeals) for fresh consideration, ensuring the assessee's right to a fair hearing. Case-Laws Income Tax Fri, 15 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403856