PRINCIPAL COMMNR. OF INCOME TAX, SAMBALPUR vs. BINAY KUMAR JINDAL, HUF

Accordingly, this appeal fails and is dismissed

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE MURAHARI SRI RAMAN

31 Valuation does not appear to be in issue in Sahujain (supra). Therefore, Sahujain (supra) cannot be said to be an authority for the proposition that even in case of breach of statutory obligation under Section 182 of the Act by the assessee, the authority would be denuded of its power to revise Annual Valuation within a reasonable period

NEELACHAL I.NIGAM L. vs. ASST.COMNR.OF I.TAX

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE ADITYA KUMAR MOHAPATRA