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2014 (2) TMI 459 - AT - Income TaxAddition made u/s 50C of the Act – Capital gain – Held that:- The CIT(A) has not adjudicated the issue properly in the light of correct facts - He should have looked into the contentions of the assessee raised through his affidavit clarifying the facts and then ask the assessee to file some evidence on the basis of which he disputed the valuation so adopted by the Stamp Valuation Authority for the purpose of payment of stamp duty in respect of such transfer - But the ld. CIT(A) has not done so – thus, the issue was not properly examined by the lower authorities and requires a fresh adjudication – The order of the CIT(A) set aside – Matter remitted back to the AO for fresh adjudication – Decided in favour of Assessee.
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