https://www.taxtmi.com/caselaws?id=770600 The Tribunal ruled that for a property sold in 2011, the Income Tax Officer (AO) improperly referred valuation to the District Valuation Officer (DVO) under section 55A(a). The referral was invalid because the sale predated the 2012 amendment allowing broader valuation review. The Tribunal rejected the AO's use of a co-owner's valuation report and restored the assessee's original property valuation, finding the AO's actions legally unsustainable. en-us Wed, 30 Apr 2025 00:00:00 +0530 Wed, 14 May 2025 07:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770600 The Tribunal ruled that for a property sold in 2011, the Income Tax Officer (AO) improperly referred valuation to the District Valuation Officer (DVO) under section 55A(a). The referral was invalid because the sale predated the 2012 amendment allowing broader valuation review. The Tribunal rejected the AO's use of a co-owner's valuation report and restored the assessee's original property valuation, finding the AO's actions legally unsustainable. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770600