{"id":15931,"date":"2021-03-24T12:24:16","date_gmt":"2021-03-24T06:54:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dashrathbhai-g-patel-v-dcit-2020-182-itd-327-ahd-trib\/"},"modified":"2021-03-24T12:24:16","modified_gmt":"2021-03-24T06:54:16","slug":"dashrathbhai-g-patel-v-dcit-2020-182-itd-327-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dashrathbhai-g-patel-v-dcit-2020-182-itd-327-ahd-trib\/","title":{"rendered":"Dashrathbhai G. Patel. v. DCIT (2020) 182 ITD 327 (Ahd.)(Trib.)"},"content":{"rendered":"<p>Assessee sold ancestral land which was acquired prior to 1-4-1981 by adopting \u00a0Fair Market Value (FMV) \u00a0as on \u00a01-4-1981 based on the report of Registered Valuer. The AO made \u00a0reference to District Valuation Officer (DVO) under section 142A of the Act\u00a0 who determined the value as on 1-4-1981 lower than the value shown by the assessee. On appeal the Tribunal held that reference to District Valuation is held to be bad in law as the\u00a0 reference u\/s. 142A\u00a0 is restricted to matters concerning section 69, 69A or 69B of the Act. Accordingly the value shown by the assessee as per the valuation report of the Registered valuer was directed to be accepted. (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 142A : Estimate of value of assets by  Valuation Officer-Under valuation-Capital gains-Valuation as on 1-4-1981-Reference to Valuation Officer is held to be not valid.  [S. 45, 55A(b)(i),   69, 69A, 69B].<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-15931","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-48X","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=15931"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15931\/revisions"}],"predecessor-version":[{"id":15932,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15931\/revisions\/15932"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}