LALIT KUMAR JALAN,JALAN PHARMACEUTICALS vs. ITO WARD-1(1), CUTTACK

In the result, appeal of the assessee is allowed with the directions

gains whereas section 142A is a general provision for estimation of value of any asset, property or investment for the purposes of assessment / reassessment. Therefore, the scope of section 142A is very vide which also includes reference to valuation officer for valuation to compute capital