SUBHASH CHAND JAIN ,JODHPUR vs. ACIT, CIRCLE-1, JODHPUR
In the result the appeal of the assessee is allowed
ITA 112/JODH/2020[2014-15]Status: DisposedITAT Jodhpur28 Jan 2021AY 2014-15
Bench: Shri Sandeep Gosain & Shri Manoj Kumar Aggarwal
Section 250
Section 50C(2). The Ld. DVO has taken (+)50% as factor of adjustment on account of Location/Situation addition due to property situated on 100 mtr wide Ring Road With 44’0”
wide front, he has not even considered the concept of commercial potential and ascertained the FMV based on the land used reported by him.
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ITA 111 & 112/Jodh/2020
Subhash
