9911796707
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Issues:
1. Interpretation of directions given by the AAC regarding the valuation of the assessee's residential property. 2. Whether the WTO was justified in not applying rule 1BB based on the interpretation of the AAC's directions. 3. The authority of the AAC to annul the assessment made by the WTO. Detailed Analysis: 1. The judgment involves two appeals by the Revenue challenging the annulment of the assessment by the WTO as directed by the AAC. The AAC's order instructed the WTO to re-examine the valuation of the residential property based on rule 1BB. The Revenue argued that the AAC's order did not explicitly mention the application of rule 1BB, leading the WTO to determine that the rule did not apply due to the portion of the property used for self-residence being less than 2/3rd of the built-up area. 2. The argument presented by the counsel for the assessee emphasized that once the AAC gave a specific direction to apply rule 1BB, it was the duty of the WTO to adhere to it without re-examining the issue. The failure of the Revenue to appeal against the AAC's order signified acceptance, according to the assessee's counsel. The counsel referenced precedents to support the contention that the WTO's re-examination would exceed the authority granted by the AAC. 3. The Tribunal analyzed the directions provided by the AAC, concluding that the AAC indeed directed the WTO to re-examine the valuation in light of rule 1BB. The Tribunal criticized the WTO's interpretation, stating that it was unwarranted based on previous court decisions. The Tribunal held that the annulment of the assessment by the AAC was not the appropriate course of action. Instead, the AAC should have corrected the misinterpretation and proceeded to decide the issue on its merits, especially since the applicability of rule 1BB was not challenged by the Revenue through an appeal. 4. Ultimately, the Tribunal allowed the Departmental appeals, emphasizing the duty of appellate authorities to correct errors and ensure adherence to legal procedures. The Tribunal directed the AAC to value the property in accordance with rule 1BB, as initially decided in the AAC's order. The judgment drew support from the Supreme Court's ruling, highlighting the necessity for specific directions to be followed in accordance with the law. In conclusion, the Tribunal's decision focused on the proper interpretation of the AAC's directions, the application of rule 1BB, and the authority of the AAC to annul the assessment. The judgment underscored the importance of following legal procedures and specific directions in assessments, ultimately allowing the Departmental appeals and directing a reassessment in line with rule 1BB.
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