PRINCIPAL COMMNR. OF INCOME TAX, SAMBALPUR vs. BINAY KUMAR JINDAL, HUF
Accordingly, this appeal fails and is dismissed
ITA/7/2023HC Orissa02 Mar 2023
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE MURAHARI SRI RAMAN
Section 174Section 189
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
