RAKESH KUMAR PANDEY,GONDA vs. DCIT/ACIT (CENTRAL)-2, LUCKNOW
In the result, the outcome of the appeals and Cross Objections are as under:
ITA 351/LKW/2025[2018-19]Status: DisposedITAT Lucknow11 Dec 2025AY 2018-19
Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria
Section 132Section 253(3)
property was converted into freehold through registered deed on 24/10/2017. During the assessment proceeding of AY 2014-15, AO has referred the valuation of said property u/s 50C/142A in response to which Valuation
Officer, Allahabad has estimated the FMV of lease property as on 04/10/2013 at Rs.
43,46,000/- against actual consideration of Rs. 31,45,000/- vide valuation