SHRI NATWARBHAI J. PATEL,VADODARA vs. THE INCOME TAX OFFICER, WARD-1(2)(4), VADODARA

In the result, both the appeals are partly allowed for statistical purposes in the terms indicated above

16A of the Wealth Tax Act, 1957. Accordingly, a valuation under section 50C(2) is also covered by the requirements of Section 23A(6) which are, as specifically stated in Section 50C, applicable in the present context. The same is the position with respect to the proceedings before this Tribunal. While the correctness of the DVO report can indeed

THE ITO, WARD-1(2)(4), BARODA vs. SHRI NATWARBHAI J. PATEL, VADODARA

In the result, both the appeals are partly allowed for statistical purposes in the terms indicated above

16A of the Wealth Tax Act, 1957. Accordingly, a valuation under section 50C(2) is also covered by the requirements of Section 23A(6) which are, as specifically stated in Section 50C, applicable in the present context. The same is the position with respect to the proceedings before this Tribunal. While the correctness of the DVO report can indeed

LOVY RANKA,AHMEDABAD vs. DCIT CIRCLE 5(2),, AHMEDABAD

In the result, the appeal is allowed for statistical purposes in the terms indicated above

Bench: Us, But Then, As Is The Settled Legal Position, When A Reference Is Made To The Dvo, The Assessing Officer Has A Duty To “So Far As The Valuation Of The Asset In Question Is Concerned, Proceed To Complete The Assessment In Conformity With The Estimate Of The Valuation Officer”. The Question Then Arises Whether We Can Deal With The Question Of Correctness Of The Dvo’S Report- Particularly When The Assessing Officer Apparently Has No Say In This Regard.

gains. It was submitted that when the Assessing Officer is under a statutory obligation to adopt such a valuation, no fault can be found is his action of doing so, and, therefore, appellate authorities cannot question that action either. As for the stand of the coordinate benches, learned Departmental Representative submitted that what is important is the legal framework

THE ITO, WARD-3(3)(12),, AHMEDABAD vs. SHRI CAWAS DARASHA KARAKA, AHMEDABAD

In the result, the appeal of the Revenue is dismissed

Bench: DR. B.R.R. KUMAR, VICE-PRESIDENT\nMS. SUCHITRA KAMBLE, JUDICIAL MEMBER\nI.T.A. No. 499/Ahd/2018\n(Assessment Year: 2013-14)\nIncome-Tax Officer,\nWard-3(3)(12),\nAhmedabad\n(Appellant)\nVs.\nLate Shri Cawas Darasha\nKaraka, Legal Heir M/s.\nCawas Karaka Trust,\n22, Teen Murti Bungalows,\nNr. Devang Bungalows,\nThaltej, Ahmedabad-380054\n[PAN : AGSPK 9616 L]\n(Respondent)\nAppellant by :\nShri Tushar Hemani, Sr. Advocate &\nShri Parimalsinh H. Parmar, ARs\nRespondent by:\nAdjournment applica

gain by assessee is in accordance\nwith the Act. Hence, CIT(A) has rightly deleted the impugned\naddition of Rs.4,40,00,000/-.\nProperty was transferred on “01.05.2012\" and “value as at\n01.04.1981 claimed by assessee” was "more" than “FMV as al\n01.04.81\"; Hence. Assessing Officer could not have made\nreference to DVO u/s 55A for ascertaining

DHIRAJLAL SAVAILAL SHAH,AHMEDABAD vs. THE AO,CPC, BANGALORE PRESENT JURIDICTION THE ITO, WARD-5(3)(1), AHMEDABAD

In the result, the appeal of the assessee is allowed

Bench: Final Hearing Of Appeal.”

capital gain tax on the same. The buyer of the land was also not required to make TDS on the same. However, the buyer of the land made TDS of Rs. 1,42,500/- by mistake. These are the submissions of the assessee before the CIT(A). The TDS was reflected in Form 26AS and therefore the assessee claimed credit