AO to Compute Capital Gains considering the Value as Determined by the Department Valuation Officer: ITAT [Read Order]

Capital Gains - Department Valuation Officer - ITAT - taxscan

The Income Tax Appellate Tribunal(ITAT) “SMC” Bench, Mumbai, has recently, in an appeal filed before it by an assessee, held that the Assessing Officer (A0), shall compute the capital gains only after considering the value as determined by the Department Valuation Officer. The aforesaid observation was made by the Tribunal when an appeal was preferred…

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