2023 (7) TMI 749

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..... KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. The sole grievance of the revenue in the captioned appeal is determination of base year from which the benefit of indexation would be available to the assessee. At the time of hearing, none appeared for assessee and accordingly, the appeal was disposed-off with the able assistance of Ld. Sr. DR who pleaded for restoration of assessment order. Upon perusal of .....

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..... ains at Rs. 210.09 Lacs. The Ld. CIT(A) allowed the claim in terms of cited decision of Hon'ble High Court of Madras. Aggrieved, the revenue is in further appeal before us. 3. We find that the adjudication in the impugned order follows binding judicial precedent of jurisdictional High Court. The revenue could not controvert this position. Therefore, we do not find any fault in the impugned order. .....

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