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2019 (11) TMI 1795 - AT - Income TaxCapital gain - valuation of the fair market value of the impugned property - appeal of the learned CIT(A) was adjourned on multiple occasions at the instance of the Chartered Accountant for want of valuation report of the DVO - HELD THAT:- The perusal of the order of CIT(A) shows that in para – 6, CIT(A) has recorded multiple opportunities, wherein it is alleged that the assessee has sought adjournment. Revenue is not able to produce any record to show that the DVO’s report called for u/s. 50(C)(2) has been produced. Without the said valuation report, admittedly the hearing of the assessee’s appeal would be in futility. This being so, in the interest of justice, the issue in the appeals are restored to the file of the learned CIT(A) for re-adjudication after receipt of the valuation report by the DVO u/s. 50(C)(2) of the Act. Appeals filed by the assessees are partly allowed for statistical purposes.
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