ASHOK BRICKS INDUSTRIES PRIVATE LIMITED ,BELPAHAR R S vs. ASST COMMISSIONER OF INCOME TAX , ROURKELA CIRCLE
In the result, the appeal of the assessee is partly allowed for statistical purposes
ITA 182/CTK/2025[2018-19]Status: DisposedITAT Cuttack26 May 2025AY 2018-19
Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra
Section 115JSection 143(3)Section 250Section 56(2)(viib)
56(2)(viib) of the Income Tax Act, 1961 without providing reasonable opportunity to submit the valuation report in support of the valuation of shares.
2) That in the facts and circumstances of the case the Leamed NFAC, Delhi is not justified to simply dismiss the appeal filed by the assessee without accepting the valuation report submitted during the appellate
