YULEY TANNERY,,KOLKATA vs. ITO, WARD 33(1), KOLKATA,, KOLKATA
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Income Tax Appellate Tribunal, “D” BENCH, KOLKATA
Per Rajesh Kumar, AM:
This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the “Ld. CIT(A)”] dated 25.03.2026 for the AY 2018-19. 2. The assessee has pressed ground no.3, which is as under:-
“3. For that on the facts of the case, the A.O. has sent to DVO on 09.03.2021 but he has not received the valuation report within 6 months, therefore, as per proviso of section 142A(6) of the Act, the A.O. was wrong in not accepting the value at which the property was sold but has taken the registry value of property and computed capital gain which is completely arbitrary, unjustified and illegal.”
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