https://www.taxtmi.com/highlights?id=75793 Capital gain - Valuation of the property sold by the assessee - reference to DVO - ITAT noted that the reference made by the AO to the VO was not in accordance with the relevant provisions of the Act. - The Tribunal analyzed the provisions of section 55A of the Act, both before and after the amendment effective from 01-07-2012. It determined that the amendment was not applicable to the relevant assessment year and, therefore, the reference made by the AO to the VO was not valid. en-us Mon, 18 Mar 2024 07:53:27 +0530 Mon, 18 Mar 2024 07:53:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75793 Capital gain - Valuation of the property sold by the assessee - reference to DVO - ITAT noted that the reference made by the AO to the VO was not in accordance with the relevant provisions of the Act. - The Tribunal analyzed the provisions of section 55A of the Act, both before and after the amendment effective from 01-07-2012. It determined that the amendment was not applicable to the relevant assessment year and, therefore, the reference made by the AO to the VO was not valid. Highlights Income Tax Mon, 18 Mar 2024 07:53:27 +0530 https://www.taxtmi.com/highlights?id=75793