LALIT KUMAR JALAN,JALAN PHARMACEUTICALS vs. ITO WARD-1(1), CUTTACK
In the result, appeal of the assessee is allowed with the directions
ITA 335/CTK/2024[2018-19]Status: HeardITAT Cuttack17 Oct 2024AY 2018-19
Section 142(1)Section 50C
16A provide for
the mode and manner in which the value of an asset is to be estimated.
Sub-section (6) of provides that on receipt of an order under sub-section
(3) or sub-section (5) from the Valuation Officer, the Assessing Officer
shall, so far as valuation of the asset in question is concerned, proceed to
complete
