KANCHAN SARRAF,BALLIA vs. DC/ACIT, CENTRAL CIRCLE, VARANASI
In the result, the appeals of the assessees are allowed
ITA 85/VNS/2023[2018-2019]Status: DisposedITAT Varanasi05 Oct 2023AY 2018-2019
Bench: Shri. B. R. Baskaran & Shri Amit Shuklaassessment Year:2018-19 Pramod Kumar V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Amypk5524D (Appellant) (Respondent) Assessment Year:2018-19 Kanchan Sarraf V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Ahnpd1118Q (Appellant) (Respondent) Assessment Year:2018-19 Yogesh Kumar Verma V. The Dc/Acit, C/O D.P. Jewellers Central Circle Station Road, Chowk Varanasi Ballia Tan/Pan:Amypk5523E (Appellant) (Respondent) Appellant By: S/Shri V.K. Jindal & Ashish Jindal, C.A. Respondent By: Shri Robin Chaudhary, Cit Date Of Hearing: 27 09 2023 Date Of Pronouncement: 05 10 2023 O R D E R
For Appellant: S/Shri V.K. Jindal & Ashish Jindal, C.AFor Respondent: Shri Robin Chaudhary, CIT
Section 132Section 142ASection 143(3)Section 69B
housing complex situated at Jeera Basti Hanuman Garh, Ballia. During the course of investigation stage itself, the valuation of said property was referred to the DVO for determining the amount of investment made by various members of the family. The DVO had valued the property at Rs.6,97,43,900/-, whereas all the three assessees have disclosed the investment
