https://www.taxtmi.com/caselaws?id=782929 ITAT Kolkata set aside the order of CIT(A) in a capital gains dispute involving valuation of property under s.50C(2) r.w.s. 55A and denial of deduction u/s 54EC. The Tribunal held that, as the assessee had disputed the stamp duty valuation and had no earlier effective opportunity to seek a DVO reference, fairness required a fresh adjudication. ITAT directed that CIT(A) either himself obtain a valuation from the DVO or direct the AO to do so, and then re-decide the appeal in accordance with law. The assessee's appeal was allowed for statistical purposes. en-us Mon, 25 Aug 2025 00:00:00 +0530 Thu, 04 Dec 2025 18:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782929 ITAT Kolkata set aside the order of CIT(A) in a capital gains dispute involving valuation of property under s.50C(2) r.w.s. 55A and denial of deduction u/s 54EC. The Tribunal held that, as the assessee had disputed the stamp duty valuation and had no earlier effective opportunity to seek a DVO reference, fairness required a fresh adjudication. ITAT directed that CIT(A) either himself obtain a valuation from the DVO or direct the AO to do so, and then re-decide the appeal in accordance with law. The assessee's appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 25 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782929