SECTION 50C VALUATION OFFICER

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58 Points Posted on 10 April 2021
IF AO REFER TGE CASE TO VALUATION OFFICER CAN HE PASS THE ASSESSMENT ORDER WITHOUT RECEIVING THE REPORT OF VALUATION OFFICERS. WILL IT BE VALID ORDER
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On 10 April 2021 at 00:15 Report
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Quick Summary
This discussion clarifies whether an Assessing Officer (AO) can issue an assessment order without first receiving a report from the Valuation Officer, especially when a case has been referred under Section 50C. The consensus is that the AO must receive and consider the Valuation Officer's report before passing an order. If an order is passed prematurely, it can be appealed.

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student
33 Points Posted on 10 April 2021
No he has to consider valuation officer's report and use its valuation as per sec 50c if it is more or less than consideration
Not necessary he has to use valuation given by officer as per sec 50c but he is bound to receive his report
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On 10 April 2021 at 01:29
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Chartered Accountant
16188 Points Posted on 10 April 2021
No It is not in order AO cannot pass order without receiving the report of valuation officers as TGE case has been transferred to valuation officers report should be first received u/s 50C then order can be passed by AO
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On 10 April 2021 at 05:58
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1359 Points Posted on 10 April 2021
Wrong action by ao
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On 10 April 2021 at 07:31
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58 Points Posted on 10 April 2021
What if AO pass the order just to prevent assessment from getting time barred and pass the order without considering DVO REPORT.
CAN WE FILE APPEAL AGAINST IT
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On 10 April 2021 at 11:03
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Partner
855 Points Posted on 10 April 2021

Definitely file the appeal.

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On 10 April 2021 at 19:23
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1359 Points Posted on 11 April 2021
Yes you can file the appeal, against the order.
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On 11 April 2021 at 09:52
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Chartered Accountant
16188 Points Posted on 18 April 2021
You can Pass Appeal definitely
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On 18 April 2021 at 14:18

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