https://www.taxtmi.com/caselaws?id=754597 ITAT Mumbai set aside CIT(A)'s order regarding capital gains computation where AO failed to refer property valuation to DVO under section 50C. The property was part of Slum Rehabilitation Scheme with 10-year transfer restriction. ITAT remitted matter back to AO with directions to refer valuation to DVO comparing actual sale consideration with stamp duty valuation as per allotment letter date, ensuring assessee's hearing opportunity. Appeal allowed for statistical purposes. en-us Thu, 18 Jan 2024 00:00:00 +0530 Thu, 27 Jun 2024 08:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754597 ITAT Mumbai set aside CIT(A)'s order regarding capital gains computation where AO failed to refer property valuation to DVO under section 50C. The property was part of Slum Rehabilitation Scheme with 10-year transfer restriction. ITAT remitted matter back to AO with directions to refer valuation to DVO comparing actual sale consideration with stamp duty valuation as per allotment letter date, ensuring assessee's hearing opportunity. Appeal allowed for statistical purposes. Case-Laws Income Tax Thu, 18 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754597