AAYUSH NRI LEPL HEALTH CARE PVT.LTD,VIJAYAWADA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -2(1), VIJAYAWADA

In the result, appeal of the assessee allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos. 135 & 136/Viz/2023 (निर्धारण वर्ा/ Assessment Years: 2012-13 & 2013-14)) Aayush Nri Lepl Healthcare Private Limited V. Income Tax Officer – Ward – 2(3) No. 48-13-3 & 3A Aayush Vijayawada Ring Road, Sri Ramachandra Nagar Vijayawada – 520008 Andhra Pradesh [Pan: Aadcn4865A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

section 142A of the Act by the DVO, Hyderabad. On this ground, Ld. Authorised Representative [hereinafter “Ld.AR”] submitted that assessee was not provided sufficient opportunity to provide the required information contesting the valuation made by the DVO. Ld.AR submitted that assessee has obtained the Valuation Report from a Registered Valuer valuing the property at Rs.1052.00 Lakhs which