Differences In Opinion of Approved Valuer Regarding Fixation Of Value Of Particular Property Can't Be Termed As Concealment: Chennai ITAT Deletes Penalty

The Chennai ITAT held that assessee's claim on the fair market value cannot be termed as concealment of income, if such claim was based on the valuation report of an approved valuer. The Bench...

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Madras ,Tamil Nadu ,India , ,Madras High Court ,Registration Department ,Accountant Member ,Manomohan Das ,Judicial Member ,Sengoda Gounder ,Chennai Itat ,Assessee ,Fair Market Value ,Oncealment Of Income ,Evaluation Report ,Property ,