2012 (5) TMI 634

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Delhi High Court) it has been held that addition cannot be solely made on the basis of the valuation report. We also notice that before the CIT(Appeals), the assessee had pointed out that the Assistant Valuation Officer had relied upon one transaction relating to sale in DDA auction of a property located in a different location. It was also stated that the property in question is located in cat .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tion cannot be solely made on the basis of the valuation report. We also notice that before the CIT(Appeals), the assessee had pointed out that the Assistant Valuation Officer had relied upon one transaction relating to sale in DDA auction of a property located in a different location. It was also stated that the property in question is located in category B and the circle rates notified by the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X