Amendment to sec. 55A empowering AO to make reference to valuation officer in case of variation has no retro effect

INCOME TAX : Amendment brought in section 55A(a) with effect from 1-7-2012 by Finance Act, 2012, according to which reference could be made by Assessing Officer to DVO if value of immovable property determined by assessee was lesser than FMV of property, is applicable prospectivelyINCOME TAX : Amendment brought in section 55A(a) with effect from 1-7-2012 by Finance Act, 2012, according to which reference could be made by Assessing Officer to DVO if value of immovable property determined by assessee was lesser than FMV of property, is applicable prospectivelywww.taxmann.com Latest Case LawsRead More

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