In the result, both the appeals filed by the assessee are allowed
Bench: Shri Manjunatha. G, Hon’Ble & Shri Manomohan Das, Hon’Bleआयकर अपील सं./Ita Nos.: 723 & 724/Chny/2022 िनधा"रण वष" / Assessment Years: 2010-11 & 2011-12
142A of the Actas valid when the Ld. ADIT(Inv.) is not empowered to make such reference as per the provisions of the Act as existed on 03-07-2014, being the date of reference to DVO. GROUND4: OTHER DEFECTS IN VALUATION REPORT 4.1 Based on the facts and circumstances of the case, the Ld. CIT (A) has erred