https://www.taxtmi.com/caselaws?id=308330 The Tribunal allowed the appeals filed by the assessees against the order of the CIT(A) dismissing their appeal due to the absence of a valuation report from the DVO under section 50(C)(2) of the Income Tax Act, 1961. The Tribunal found that without the valuation report, the appeal hearing would be futile and, in the interest of justice, remanded the issue back to the CIT(A) for re-adjudication after the DVO provides the required report. Both appeals were partly allowed for statistical purposes. en-us Tue, 19 Nov 2019 00:00:00 +0530 Fri, 16 Jun 2023 21:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308330 The Tribunal allowed the appeals filed by the assessees against the order of the CIT(A) dismissing their appeal due to the absence of a valuation report from the DVO under section 50(C)(2) of the Income Tax Act, 1961. The Tribunal found that without the valuation report, the appeal hearing would be futile and, in the interest of justice, remanded the issue back to the CIT(A) for re-adjudication after the DVO provides the required report. Both appeals were partly allowed for statistical purposes. Case-Laws Income Tax Tue, 19 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308330