Section 50C(2) Income Tax Act: AO Must Use Valuation Officer's Expertise for Accurate Property Valuation in Capital Gains.

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....Capital gain computation - The very purpose of the Legislature behind the provisions u/s 50C(2) is that a valuation officer is an expert of the subject for such valuation and is certainly in a better position than the AO to determine the valuation. Thus, non-compliance of the provisions by the AO cannot be held valid and justified - AT....