https://www.taxtmi.com/caselaws?id=302558 The Tribunal held that the reference to the Departmental Valuation Officer (DVO) under Section 142A without rejecting the books of account was invalid. The amended Section 142A, effective from 01.10.2014, does not apply retrospectively to pending assessments. The Assessing Officer's additions based on the DVO's report were deleted as the AO did not reject the books of account before making the reference. The Tribunal's decision was in line with the Accountant Member's view that the amended provision does not have retrospective effect. en-us Wed, 13 Mar 2019 00:00:00 +0530 Mon, 06 Jun 2022 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302558 The Tribunal held that the reference to the Departmental Valuation Officer (DVO) under Section 142A without rejecting the books of account was invalid. The amended Section 142A, effective from 01.10.2014, does not apply retrospectively to pending assessments. The Assessing Officer's additions based on the DVO's report were deleted as the AO did not reject the books of account before making the reference. The Tribunal's decision was in line with the Accountant Member's view that the amended provision does not have retrospective effect. Case-Laws Income Tax Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302558