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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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