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2015 (10) TMI 1435 - AT - Income TaxDetermination of Fair Market Value - determination of claim of deduction u/s 54EC - Held that:- As neither the basis on which the AO has made the valuation nor the valuation report of the Assessee is before us, we are unable to ascertain all the facts in the present case. In these circumstances, in the interest of justice we are of the view that the issue of Fair Market Value of the said two properties as on 1.4.1981 is liable to be restored to the file of the AO who shall obtain a proper valuation from the District Valuation Officer (DVO) in respect of the Fair Market Value of the said properties and re-decide this issue after granting the Assessee adequate opportunity to substantiate his claim and we do so. - Decided partly in favour of assessee for statistical purpose.
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