Ramesh Munaiah Chintakunta. v. DCIT (2025) 212 ITD 117 (Hyd) (Trib.)

S. 50C : Capital gains-Full value of consideration-Stamp valuation-The AO adopted SRO rate as sale consideration-Not referred to DVO-Matter remanded to Assessing Office to refer determination of FMV of asset to DVO. [S. 45, 48]

 

Tribunal held that while  determination of fair market value should have been referred to DVO to be decided after hearing assessee and considering material put forth by him. Matter is  to be restored to Assessing Officer to refer determination of fair market value of asset to DVO to be decided after affording an opportunity to assessee.](AY. 2012-13)

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