VIJAY KUMAR SETH,NEW DELHI vs. ACIT, CIRCLE- 33(1), NEW DELHI
In the result, the appeal of the assessee is allowed
ITA 5244/DEL/2018[2015-16]Status: DisposedITAT Delhi29 Mar 2019AY 2015-16
Bench: Sh. H. S. Sidhu & Sh. N. S. Sainiita No. 5244/Del/2018 : Asstt. Year : 2015-16 Vijay Kumar Seth, Vs Asstt. Commissioner Of Income Flat No. 8, Vasant Enclave, Tax, Circle-33(1), New Delhi-110057 New Delhi-110002 (Appellant) (Respondent) Pan No. Acxps6514Q Assessee By : Sh. Karan Kumra, Ca Revenue By : Sh. Surender Pal, Sr. Dr Date Of Hearing : 28.03.2019 Date Of Pronouncement : 29.03.2019 Order Per N. S. Saini:
For Appellant: Sh. Karan Kumra, CAFor Respondent: Sh. Surender Pal, Sr. DR
Section 143(3)Section 250Section 54FSection 55A
Section 55A, the Assessing Officer is required to form an opinion on the basis of the material on record that reference to the District
Valuation
Officer for ascertaining the fair market value of the asset necessary having regard to the nature of the asset and other relevant circumstances.
It is also necessary to record as to why it is necessary
