1981 (1) TMI 95

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..... n consolidated, heard together and are being disposed of by a common order for the sake of convenience. The assessee in these appeals is Harish Chand Gupta of Kanpur, an individual. The years of assessment involved are 1972-73, 1973-74 and 1974-75 for which the respective valuation dates are 31st March, 1972, 31st March, 1973 and 31st March, 1974. 2. In each of the years under consideration the .....

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..... assessee brought the matter by way of appeals before the AAC of IT who has directed the WTO to adopt the value disclosed by the assessee for each of the years under consideration if the question of valuation of the said property was not referred to the valuation cell. 4. We have heard both the sides. Admittedly, the question of valuation of the said property was not referred to the valuation cel .....

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..... or deciding the said question afresh in accordance with law. The WTO in those proceedings will permit the assessee to cross-examine the Deptl. Valuation Officer to give evidence, if any, in support of his valuation. Thereafter, the WTO will decide the question of the valuation afresh in accordance with law. 5. For statistical purposes the appeals by the Dept. are dismissed.
Case laws, Decisi .....

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