2006 (9) TMI 535

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..... levant for the assessment year 1997-98. 2. The assessee had purchased roof rights over the ground floor of a property in Gulmohar Park, New Delhi. He constructed flats on the first floor and the second floor of the property and sold them. 3. For the purposes of assessment, the Assessing Officer took the report of the Departmental Valuation Officer into consideration and worked out the value .....

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..... d rates fixed by the L DO. The Assessing Officer did not take this report into consideration nor did he discard it for any valid reason but merely relied upon the report of the Departmental Valuation Officer. The CIT(A) and the Tribunal were of the view that merely placing reliance on the report of the Departmental Valuation Officer was not enough and that there must be something more to show why .....

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