INCOME TAX OFFICER , MUMBAI vs. NEELAM SHAMSHER KASHYAP, MUMBAI
Income Tax Appellate Tribunal, “B” BENCH, MUMBAI
Before: SHRI AMIT SHUKLA, JM& MS PADMAVATHY S, AM
Per Padmavathy S, AM: This appeal by the revenue is against the order of the Commissioner of Income Tax Appeals/National Faceless Appeal Centre (NFAC), Delhi (in short "CIT(A)") passed u/s. 250 of the Income Tax Act, 1961 (the 'Act') dated 30.01.2025 for AY 2021-22. The revenue raised the following grounds of appeal.
“1. Whether on the facts and circumstances of the case and in laws, Ld. CITA) has erred in directing the AD to accept the cast acquisition as per the valuer's report or, at the very least, restrict it to the value certified by the Stamp Valuation Authority, without conducting proper verification. The AO had correctly adopted the stamp duty valuation rate as of 01:04 2001 at Rs 5,078 per sq. ft., as determined in the registered valuer's report submitted by the assessee. In contrast, the certificate
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Neelam Shamsher Kashyap issued by the Sub-