1982 (11) TMI 69

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..... cial complex, the WTO enhanced the valuation from Rs. 1,34,511 shown by the assessee to Rs. 2,32,781 by multiplying the net rental income with 17. The WTO also observed besides the said property being in commercial complex that in respect of another property valued by the assessee at Rs. 30,000 the assessee had applied a multiple of 17. The AAC of the Income-tax confirmed the action of the WTO whe .....

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..... ed that he relied on every word of the AAC's order but he was unable to controvert the fact that in the immediately succeeding year in assessee's own case, the AAC has applied multiple of 12, and while doing so he placed reliance on the Punjab Haryana High Court decision referred to above. 3. After taking into consideration the rival submissions, we are unable to confirm the action of the AAC .....

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