Allowing the appeal of the assessee the Tribunal held that amendment to section 55A by Finance Act , 2002  w.e.f 1-7 -2012 , power to make reference to DVO if value  adopted by the assessee  as on 1 -4 -1981 is less than FMV operates prospectively .The year under consideration is Assessment year 2011-12 hence the provision is not applicable . Relied on CIT v. Puja Prints ( 2014) 224 Taxman 22 ( Bom) (HC) , CIT v. Gauranginiben S. Shodhan Indl (2014) 224 Taxman 233 ( Guj) (HC)  ( ITA No. 821 /822 /Ahd /2016 dt 27 -11-2020) ( AY. 2011-12)