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SECTION 50C VALUATION OFFICER

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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7 Replies

jaee sawant (student) (42 Points)
Replied 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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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 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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Ankit Neema (2742 Points)
Replied 10 April 2021

Wrong action by ao

CA AKSHAY VARMA (74 Points)
Replied 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