Dashrathbhai G. Patel vs Deputy Commissioner Of Income Tax

Whether the Assessing Officer (AO) could validly refer the matter to the District Valuation Officer (DVO) under Section 142A of the Income Tax Act, 1961 for determining the fair market value (FMV) of a capital asset as on 01.04.1981 for computation of capital gains, and whether the DVO could pass an order under Section 55A of the Act when the reference was made under Section 142A --- Held No. Whether the DVO's valuation report under Section 55A, based on a reference under Section 142A, is legally sustainable and can be adopted by the AO for assessment --- Held No.