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Showing contexts for: LABSA in The Acit (Central) Ii, Bhopal vs M/S Virasha Infrastructure, Bhopal on 13 April, 2021Matching Fragments
(6) CIT Vs Lahsa CPvt. Ltd 357 ITR 671 (Delhi)-
Section 142A of the Income-tax Act, 1961 - Estimate mode by Valuation Officer - Assessment year 1999-2000 _ Whether addition con be mode solely relying upon report of Departmental Valuation Officer - Held, no [Para 5)
1. Revenue in this appeal under Section 260A of the Income Tax Act, 1961 ("Act" for short) impugns order dated 25.06.2010, passed by the Income Tax Appellate Tribunal in the case of M/s Labsa Construction Pvt Ltd.' on the ground of perversity. The appeal pertains to the Assessment Year, 1999-2000. (incorrectly mentioned in the impugned order as assessment year 2006-07).