Assessing Officer must offer property valuation option u/s 50C(2) of the Income Tax Act to ensure fairness.

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....Reference to valuation officer u/s 50C(2) - Even in a case where no such prayer is made by the assessee, the AO, discharging a quasi-judicial function, has the bounden duty to act fairly and to give a fair treatment by giving him an option to follow the course provided by law - HC....