SANJAY CHOBEY,JHANSI vs. ACIT CIRCLE-2(3)(1), JHANSI
In the result, appeal of the assessee is partly allowed
ITA 140/AGR/2018[2013-14]Status: DisposedITAT Agra02 Jul 2018AY 2013-14
Bench: : Shri A.D. Jain & Shri Dr. Mitha Lal Meenaassessment Year: 2013-14 Vs. Acit, Circle –2(3)( 1), Dr. Sanjay Chobey, (Huf) Opp. Ware House, Shivpuri Aayakar Bhawan, Road, Nandpura, Jhansi 1090, Civil Lines, Pan : Aahhd7844 Q Jhansi (Appellant) (Respondent)
Section 50CSection 50C(2)
transfer, then the AO was duty bound to refer the valuation to the Valuation Officer and in case he failed to do so, he was legally bound to accept the actual sale consideration of Rs. 25,90,500 to represent the fair market value of the property sold.
6. That it is settled law that failure by AO to refer
