9911796707
TMI Blog1982 (1) TMI 99X X X X Extracts X X X X X X X X Extracts X X X X ..... g identical ground: "1. On the facts and in the circumstances of the case, the value of the flat in Ansal Bhavan could not be enhanced from Rs. 2,17,500 to Rs. 3,09,000 and on the basis thereof the assessee s shares from Rs. 43,500 and Rs. 87,000 to Rs.61,800 and Rs. 1,23,000 respectively. 2. That on the facts and circumstances of the case, the valuation made by the Valuation Officer was arbit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5. The issue pertains to the valuation of a property known us "Ansal Bhavan" in New Delhi. The appellant Shri Mukesh Kumar Agarwal appears to have got 40 per cent share and another appellant Shri R.K. Agarwal 20 per cent Before the ld. WTO, the value of the said property was reflected at Rs. 2,17,500. the WTO perhaps did not agree and, therefore, the matter was referred to the Valuation Officer of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fore us, it was brought to our notice that the ld. AAC failed to examine the objections of the assessee against the valuation report after providing an opportunity to the ld. Valuation Officer as contemplated under s. 23(3A) of the WT Act. The impugned orders are erroneous because of the said omission. The revenue could not contest the correctness of the contention. 6. It is an admitted fact tha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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