Title Defects u/s 50C(2) of Income Tax Act: ITAT upholds CIT(A) Decision to Refer LTCG Valuation to DVO

The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) to refer the valuation of Long Term Capital Gains (LTCG) to the Departmental Valuation Officer (DVO) due to title defects under Section 50C(2) of the Income Tax Act. The case involved disputed property valuation, and the ITAT affirmed that such referrals are justified when there are doubts regarding fair market value.