Thulasimani Ammal vs Commissioner Of Income Tax & Anr. on 30 September, 1999
We are of the opinion that
the AO had adopted a figure of `15,000/- per ground without giving proper
justification for rejecting the value mentioned by the assessee, Thus, we find that
ITA NO.916/Mds/10. 5
the CIT(A) has taken a correct decision in directing the AO to adopt the value of
the land at `1 lakh per ground as on 01-04-1981 and for this purpose, reliance
placed by him, on the decision of Hon. Jurisdictional High Court in the case of
Thulasimani Ammal's case (supra) cannot be faulted. We, therefore, do not find
any reason to interfere with the order of the CIT(A) in this regard.