Re: Suo Moto Approach to DVO

Can assessee suo moto approach DVO for valuation, even if AO is not approaching DVO for the same.

The assessee cannot approach DVO for Valuation .However the assessee can  file the valuation report of the Registered Valuer .   The Assessing Officer  is bound to follow  the valuation  given by the registered valuer or refer  the matter to DVO.  In   ACIT v. Synbiotics Ltd. (2016) 48 ITR 210 (Ahd.)(Trib.) held that  the authorities are not justified in adopting the rate on their own estimation as the assessee had furnished a report from Government approved valuer.  In  Ramesh Govindbhai Patel v .ITO ( 2020) 118 taxman. com 201  ( Ahd) (Trib)  held that  addition cannot be made without referring the matter to DVO.   

 

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