Assessing Officers Must Provide Justifiable Reasons for Capital Gains Valuation u/s 50C; Consider Taxpayer's Valuer Report First.

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....Capital Gains - valuation u/s 50C - AO has to record valid reasons, which are justifiable in law. He is not required to adopt an evasive approach of applying deeming provision without deciding the objection or to refer the matter to the DVO under Section 55-A of the Act as a matter of course, without considering the report of approved valuer submitted by the assessee - HC....