Tag Archives: Section 142A income tax

Sec 142A can’t be applied for FMV of land without tangible reason to reject value declared by Taxpayer : ITAT

By | April 23, 2020
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Sec 142A can’t be applied for FMV of land without tangible material to reject value declared by Taxpayer : ITAT FMV As a corollary, the alleged overvaluation, in the value of investment could not be verified under the ambit of Section 142A of the Act where the subject matter of examination under section 69, 69A… Read More »

Reference to valuation officer could be made even if appeal was pending before High Court: SC

By | April 26, 2017
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SUPREME COURT OF INDIA Commissioner of Income-tax, Ajmer v. Sunita Mansingha R.K. AGRAWAL AND MOHAN M. SHANTANAGOUDAR, JJ. CIVIL APPEAL NO. 3064 OF 2007 MARCH  29, 2017 K. Radhakrishnan, Sr. Adv., Arijit Prasad, Ms. Gargi Khanna and Mrs. Anil Katiyar, Advs. for the Appellant. Dr. Manish Singhvi and P.V. Yogeswaran, Advs. for the Respondent. ORDER… Read More »