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TMI Blog2019 (2) TMI 356X X X X Extracts X X X X X X X X Extracts X X X X ..... en market value of the property as per the valuation for stamp duty and the sale consideration, section 50C was attracted and consequently there was additional capital gain tax of ₹ 1,01,191/- was levied. We find that the assessee has sold the property i.e. land situated in Village Gourangapur, P.S. Bhadreshwar on 06.04.2010 for ₹ 9,00,000/-. The market value as per ADSR for the ab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ber Sri S.S. Viswanethra Ravi, Judicial Member For the Appellant : None For the Shri S. Halder, Sr. DR ORDER PER J. SUDHAKAR REDDY :- This is an appeal is filed by the assessee and is directed against the order of the ld. Commissioner of Income Tax (Appeals) - 9, Kolkata (hereinafter the ld. CIT (A) ) dated 05/09/2017, wherein penalty levied u/s 271(1)(c) of the Act was ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 815/-. The Assessing Officer at Para 3 Page 2 of his order records that the required report from the valuation cell is not received and that, as the assessment is getting barred by limitation, the assessment is completed. The valuation as per ADSR as obtained by the Valuation Authority, Chandannagar, Hooghly was not referred to the valuation cell. Under these circumstances, we are of the considere ..... X X X X Extracts X X X X X X X X Extracts X X X X
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