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2022 (1) TMI 535 - AT - Income TaxRectification u/s 154 - Capital gain computation - direction to adopt the value determined by the DVO instead of applying deeming provision under section 50C - HELD THAT:- We find that the ITAT in the case of one of the joint-owners, viz. Shri Harik Suryakant Shah dismissed the appeal of the assessee qua challenge to order of the CIT(A) passed under section 250 but allowed appeal of the joint-owner, and set aside order of the CIT(A) passed under section 154 of the Act with direction to adopt the value determined by the DVO instead of applying deeming provision under section 50C of the Act. Tribunal, facts and issues involved in the present appeal being identical, observations and findings of the Tribunal in the case of co-owners [2021 (11) TMI 1016 - ITAT AHMEDABAD] shall apply mutatis mutandis in the case on hand as well, more so when, the ld.DR has not pointed out any material difference in facts and circumstances. Therefore, we dispose of both appeals of the assessee with similar directions.
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