DEVENDER KUMAR PRASHAR,DELHI vs. ASST. DIRECTOR OF INCOME TAX, CPC, BANGALURU

In the result, the appeal of the assessee is allowed

Bench: The Ld. Cit(A) Also, The Assessee Could Not Succeed On The Basis Of The Following Findings:

capital gains at a higher quantum under Section 50C of the Act through proceedings like under Section 147 etc, the assessee on the other hand, will not have any recourse to remedy provided, of reference to a Valuation Officer, in the proviso to section 50C of the Act in case such enhancement is done under Section 143

DCIT, CIRCLE-1, DIBRUGARH vs. BAJRANG LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed