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Notice of scrutiny and power of a.o. to refer to valuation o

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trainee
40 Points Posted on 25 May 2013
Can anyone plz explain whether the assessing officer has the power to reopen the assessment and make an assessee liable to pay tax on the inflated revised valuation done by DVO..
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On 25 May 2013 at 21:35 Report
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CHARTERED ACCOUNTANT
793 Points Posted on 18 December 2014

The AO can assess the income only on value at the time of transfer.

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On 18 December 2014 at 19:22


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