1991 (1) TMI 74

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..... sting this court to direct the Tribunal to state the following five questions : "(a) Whether, on the facts and circumstances of the case, the Tribunal is legally justified in reversing the order of the Appellate Assistant Commissioner and restoring the order of the Income-tax Officer estimating the value of the property in dispute at Rs. 28,000 as against the disclosed value at Rs. 1,50,000 ? .....

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..... in controversy relates to the determination of the value of the asset as on January 1, 1964 (the question arose in the matter of determining the capital gains). The assessee stated a particular valuation as on the said date supported by the report of a registered valuer. The Income-tax Officer did not accept the same. Though the Income-tax Officer's order was reversed in appeal by the Appellate As .....

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