ITO 14(1)(2), MUMBAI vs. SUNIL GHANSHYAMDAS VERLIANI, MUMBAI
In the result, the appeal of the Revenue is dismissed
ITA 3813/MUM/2014[2010-11]Status: DisposedITAT Mumbai28 Nov 2016AY 2010-11
Bench: Sri Mahavir Singh, Jm & Ashwani Taneja, Am Income Tax Officer Shri Sunil Ghanshyamdas 14(1)(2), 2Nd Floor, Earnest Verliani House, Nariman Point, Mumbai- C/O M/S Sunil Enterprise 138, Vs. 400021. Vitthalwadi, Opp. Vithoba Mandir, Mumbai-400002. Pan No.Aabpv3351J .. Appellant Respondent Revenue By .. Shri T.A Khan, Dr .. Assessee By Shri Vimal Punmiya, Ar Date Of Hearing .. 28-11-2016 .. Date Of Pronouncement 28-11-2016 O R D E R
Section 142ASection 56(2)(vii)Section 59BSection 69B
142A of the Act on 25-09-
2012. The DVO, Mumbai furnished his valuation report dated 31-12-2012 and valued the property i.e. the cost of investment for purchase of this property at Rs.2,43,40,000/-. Accordingly, the AO relying on DVO’s record taken the real market value at Rs.2,43,40,000/- as purchase consideration
