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ITAT set-aside order as AO didn't refer matter to DVO after receiving objection against adoption of stamp duty value

September 13, 2019[2019] 108 270 (Mumbai)/[2019] 178 ITD 613 (Mumbai)

INCOME TAX : Where assessee objects to adoption of stamp duty value as deemed sale consideration, Assessing Officer is duty-bound to make a reference to DVO under sub-section (2) of section 50C for determining value of property and thereafter proceed to compute capital gains by following provisions of sub-section (3) of section 50C
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