Bench: : Shri S. Rifaur Rahmanassessment Year: 2012-13 Yogendra Sharma, I-4695, 2Nd Vs. Income-Tax Officer, Floor, Gali No. 4-B, Balbir Nagar Ward 3(2), Etah. Extension, Shahdara, Delhi. Pan :Cgkps6492J (Appellant) (Respondent)
2,32,800/- towards short-term capital gains by estimating/substituting the cost of acquisition is bad in law and on facts. The Assessing Officer could not have adopted an estimated cost in place of the Appellant's evidenced cost without any reference to the Departmental Valuation Officer (DVO) under section 55A; mere estimation is impermissible. 8. Because having regard