SHRI HARI & CO OWNERS,KAITHAL vs. PR. CIT, CHANDIGARH -1, ROHTAK

In the result, both the above appeals of the Assessee are dismissed

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

reassessment to have dealt with such a broad issue supra elaborately particularly so when case was under section 147/148. Hence Ld. PCIT is right in holding that Ld. AO ought to have made the necessary inquiries on rates as provided for in Registered valuer’s report and in event of non exercise of such power by him ought to have