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2024 (2) TMI 924 - ITAT DELHICapital gain computation - Validity of CIT(A) enhancing the assessment by an amount on the basis of report of DVO without giving the appellant a reasonable opportunity of showing cause against such enhancement - HELD THAT:- We find that the objections of the assessee are genuine and need to be considered by the Revenue. The DVO has not given opportunity nor given benefit of encroachment which has been examined by the Assessing Officer. Hence, in view of the additional grounds taken up, the change in the circle rates owing to decline in the market demand, non-deduction of expenses and value owing to the encroached portion, we deem it fit to remand the matter to the file of the Assessing Officer to adjudicate the issue afresh. Appeal of the assessee is allowed for statistical purpose.
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