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2014 (10) TMI 619 - HC - Income TaxAddition u/s 69B Income from resort - Investment in land and building Reference made to DVO for determination of value of investment Held that:- The addition was made on the basis of the report of the DVO wherein the DVO had valued the property on the basis of the rates adopted for the purpose of stamp duty by treating the property to be for commercial usage whereas the land had not been converted from agricultural land into commercial land by the Government under change of land use - the Deputy Commissioner-cum-Collector vide order dated 24.2.2011, it has accepted the value of the property as depicted by the assessee in the sale deed to be full value of consideration - the Tribunal had rightly not relied upon the report of the DVO the order of the Tribunal is upheld Decided against revenue.
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