M/S. Sharnam Realities Pvt. Ltd., Ahmedabad vs. The Pr. CIT -4, Ahmedabad
In the result the appeal of the assessee is allowed
ITA 26/AHD/2022[2015-16]Status: DisposedITAT Ahmedabad08 Mar 2024AY 2015-16
Bench: Smt.Annapurna Gupta & Shri T.R. Senthil Kumarassessment Year : 2015-16 M/S.Sharnam Realities P.Ltd. Pr.Cit-4 411A, Neelkanth Palace B Vs Ahmedabad. 100 Ft. Road Satellite 380 015. Pan : Aaics 9152 J (Applicant) (Responent) : Assessee By Shri Tushar Hemani, Ar & Parimalsinh B. Parmar, Ar Revenue By : Shri Akhilendra Prap Yadav, Cit-Dr सुनवाई क" तारीख/Date Of Hearing : 13/12/2023 घोषणा क" तारीख /Date Of Pronouncement: 08/03/2024 आदेश आदेश/O R D E R आदेश आदेश
For Respondent: Shri Akhilendra Prap Yadav, CIT-DR
Section 143(3)Section 263Section 43C
…thorities cannot call in question the stamp duty valuation of the property. He relied on the following case laws in this regard: • Gestetner Duplications P. Ltd. Vs. CIT, 117 IGTR 1 (SC); • Nitin P. Shah alias Modi Vs. DCIT, 276 ITR 411 (Guj) • APMC Vs. ITO, 355 ITR 384 (Guj) • ITO Vs. E-Infochips Ltd., 124 TTJ 176 (Ahd); • Gujarat Information Technology Funds, 45 SOT 529 (Ahd); 11 • PCIT Vs. BA Research, (2016) 240 Taxman 443 (Guj) • CIT Vs. Quintiles Research (India) P.Ltd., 429 ITR 4 (Kar) He, therefore, contended that the ld.Pr.CIT’s finding of error based on his finding and questioning the valuation of the…