Comments on: Section 55A of the Income-tax Act, 1961 related Capital gains and Reference to Valuation Officer http://taxguru.in/income-tax-case-laws/section-55a-of-the-income-tax-act-1961-related-capital-gains-and-reference-to-valuation-officer.html Complete Tax Solution Sat, 26 May 2012 16:16:37 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: ca RONNIE W PEREIRA http://taxguru.in/income-tax-case-laws/section-55a-of-the-income-tax-act-1961-related-capital-gains-and-reference-to-valuation-officer.html#comment-9375 ca RONNIE W PEREIRA Mon, 28 Dec 2009 09:13:24 +0000 http://www.taxguru.in/?p=11496#comment-9375 Dear Friends, this is a landmark judgement and is very useful to tackle rogue AO's who without responsiblilty make a reference to DVO and then ask assessee to show cause why the fmv as well as sale consideration should not be substituted. I am facing a similar situation and this judgement come as a blessing to thrash the AO's claim. Our PDCAI of ICAI has a lot of catching up to do. Dear Friends,

this is a landmark judgement and is very useful to tackle rogue AO’s who without responsiblilty make a reference to DVO and then ask assessee to show cause why the fmv as well as sale consideration should not be substituted. I am facing a similar situation and this judgement come as a blessing to thrash the AO’s claim. Our PDCAI of ICAI has a lot of catching up to do.

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