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Reference to DVO for correct fair market value mandatory if requested by assessee

ITAT Mumbai held that even after request from assessee to refer DVO for Correct Fair Market value of the subject property, AO was duty-bound to refer the same to DVO. Accordingly, matter remanded back with a direction to refer the matter to DVO and decide the issue.

The post Reference to DVO for Correct Fair market value mandatory if requested by assessee appeared first on TaxGuru.



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Reference to DVO for correct fair market value mandatory if requested by assessee

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