VALUATION OF HOUSE PROPERTY
This query is : Resolved
24 December 2010
During the course of search at house of assessee department not agreed regarding valuation of house even valuation report of approved valuer already has been kept by assessee and produced before authority.
My query is that can department denied the such valuation report and go for furthet valuation of such house.
My query is that can department denied the such valuation report and go for furthet valuation of such house.
24 December 2010
Yes, Department can deny the Registered valuer's report and send it for departmental valuation officer (DVO).
But it should first give valid reasons to rejecting the registered valuer's report.
If the assessee maintains books of account regarding construction of property, then ITO must first reject the books and then send it for DVO.
But it should first give valid reasons to rejecting the registered valuer's report.
If the assessee maintains books of account regarding construction of property, then ITO must first reject the books and then send it for DVO.
24 December 2010
Yes , deptt can deny the valuation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Confusion around Form 26QB fields
- GST Regis.
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
