JAGDISH KANHAIYALAL KHUSHALANI,NAGPUR vs. INCOME TAX OFFICER, WARD - 2(3) NAGPUR, NAGPUR
In the result, appeal of the Assessee is allowed for statistical purposes
ITA 690/NAG/2025[2019-2020]Status: DisposedITAT Nagpur11 Feb 2026AY 2019-2020
Bench: Dr. Manish Borad
For Appellant: Shri Manoj G. Moryani, AdvFor Respondent: Shri Surjit Kumar Saha, Sr.DR
Section 154Section 250Section 50C
16A of that Act.
Explanation 1.—For the purposes of this section, "Valuation Officer" shall have the same meaning as in clause (r) of section 2 of the Wealth-tax Act, 1957 (27 of 1957).
Explanation 2.—For the purposes of this section, the expression "assessable"
means the price which the stamp valuation authority would have, notwithstanding anything