2008 (9) TMI 890

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..... (A) Whether, on the facts and in the circumstances of the case, the hon'ble Income-tax Appellate Tribunal was right in law in reversing the decision of the Commissioner of Income-tax (Appeals) on valuation of Laxmi Niwas property at Rs. 1,35,40,000 made by the DVO as against the valuation done by the Government approved valuer which was at Rs. 2,13,31,000 ? (B) Whether, on the facts and i .....

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..... s of the case. This issue, in our considered opinion, is covered in favour of the assessee and against the Revenue by the judgment in the case of Ms. Rubab M. Kazerani v. Joint CIT reported in [2004] 91 ITD 429 (Mum) (TM). Further, the assessee also covered by the decision of the Pune Bench of the Tribunal, the case of Smt. Krishnabai Tingre v. ITO reported in [2006] 101 ITD 317 (Pune) wherein it .....

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