AWADHESH KUMAR,BALLIA vs. ITO, WARD - 2(4), BALLIA
ITA 179/VNS/2019[2016-2017]Status: DisposedITAT Varanasi14 Oct 2022AY 2016-2017
Bench: Shri.Vijay Pal Raoassessment Year: 2016-17 Awadhesh Kumar, V. Income Tax Officer, Arya Samaj Road, Ballia, Ward-2(4), Ballia, U.P. Uttar Pradesh Pan-Athpk1294N (Appellant) (Respondent) Appellant By: Sh. Praveen Godbole, C.A. Respondent By: Sh. A.K. Singh, Sr. Dr Date Of Hearing: 12.10.2022 Date Of Pronouncement: 14.10.2022 O R D E R
For Appellant: Sh. Praveen Godbole, C.AFor Respondent: Sh. A.K. Singh, Sr. DR
Section 143(3)Section 50C
221/ 2013; judgment dated 13th March 2014), wherein Their Lordships have, inter alia, observed as follows:-
“ ….we are of the opinion that the valuation by the departmental valuation officer, contemplated under Section 50C, is required to avoid miscarriage of justice. The legislature did not intend that the capital gain
