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TMI Blog2017 (12) TMI 1889X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI 13 - CALCUTTA HIGH COURT] it holds that such a reference is mandatory even if an assessee does not make any such prayer. We therefore accept assessee s sole substantive grievance for statistical purposes and remit the issue back to the Assessing Officer to proceed afresh as per law u/s. 50C(2) of the Act by making reference to the DVO. Assessee s appeal is allowed for statistical purposes. - SHRI S.S. GODARA, JUDICIAL MEMBER AND SHRI MANISH BORAD, ACCOUNTANT MEMBER For the Assessee : Shri Parin Shah Mehul Patel, A.R. For the Revenue : Shri Prasoon Kabra, Sr. D.R ORDER PER S.S. GODARA, JUDICIAL MEMBER This assessee s appeal for assessment year 2011-12 arises against the CIT(A)-1, Vadodara s order dated 21.08.2015 in case No. CAB-1/176 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ket price. The translation of the letter issued by the Sub Registrar, Godhra to the purchaser asking for the payments of additional Stamp Duty in regard of one of these plots is reproduced below: We have to inform you that a document for change of ownership/sale was received on 07.09.2010 vide Acknowledgement No. 600/2010 for Rs. 75,67,600/- for registration. The price as per the Jantri record as on date is Rs. 1,87,29,900/-. On the said price the stamp duty payable is Rs. 9,17,766/-. In the documents submitted by you the Stamp Duty paid is Rs. 3,71,000/-. In view of this the short fall in Stamp Duty works out to Rs. 5,46,766/- which is desired by you to be paid the same should be paid within the period of 30 days from the receipt of this n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he lands have already been substantially reduced as compared to the market value as per jantri rate, hence, the AO was correct in adopting such market value of the lands as determined by the Collector as the sale consideration received by the appellant as as per the provisions of Section 50C of the IT Act, 1961. Accordingly, there is no requirement of remanding the matter back to the AO for referring the valuation of the land to the District Valuation Officer. The addition made by the AO is as per law and hence, the appellant is not entitled to receive any further relief. Accordingly, this ground of appeal is dismissed. 4. Heard both the parties. Case file perused. There is no dispute from the above narrated facts and circumstances that bot ..... X X X X Extracts X X X X X X X X Extracts X X X X
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