Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, DELHI “SMC” BENCH: NEW DELHI
Before: SHRI KUL BHARAT
looking to the totality of the facts, I set aside the impugned order and restore the issue of valuation of the property to the file of Ld.CIT(A) to decide the same after adverting to the issue regarding discrepancy in the reasons recorded by the Assessing Officer and finally value adopted by him u/s 50C of the Act since there is no whisper by the authorities below in this regard. Thus, Ground Nos.
4 & 5 raised by the assessee are partly allowed for statistical purposes.
In the result, the appeal of the assessee is partly allowed for statistical purposes.
Order pronounced in the open Court on 18th January, 2022.