SH. RAJINDER KUMAR CHADHA,BEAS vs. INCOME TAX OFFICER, AMRITSAR.
In the result, the appeal of the assessee is partly allowed
ITA 28/ASR/2017[2003-04]Status: DisposedITAT Amritsar19 Dec 2019AY 2003-04
Bench: Shri N.K. Choudhry & Shri O.P.Meenaआ.अ.संसंसंसं././././I.T.A No.28/Asr/2017 िनधा"रणवष"/A.Y.:2003-04 िनधा"रणवष" िनधा"रणवष" िनधा"रणवष" Shri Rajinder Kumar Chadha, Vs. Income Tax Officer, K/105, Dera Baba Jaimal Singh, Ward-4(3) Amritsar Beas Pan:Abipc 5206 H अपीलाथ"Appellant अपीलाथ" ""यथ"/Respondent ""यथ" अपीलाथ" अपीलाथ" ""यथ" ""यथ"
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8. The learned D.R. supported the orders of lower authorities.
However, it was contended that section 50C reference is applicable
for made is for valuation of income-tax purpose and it is not
applicable to and provisions of section 16A of Wealth Tax Act are not
applicable.
9. We have heard the rival submissions and perused