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Smt. Arvinder Kaur vs Ito on 8 October, 2004 cites

Commissioner Of Income-Tax (Central), ... vs Daulatram Rawatmull on 26 March, 1964

Therefore, that agreement cannot be brushed aside but the learned CIT(A) as well as the assessing officer has not considered that agreement while determining the fair market value as on 1-4-1981. In the present case, the CIT(A) relied on the cases which were quoted by the assessing officer. However, the agreement of the assessee had not been considered. It had also not been considered that there was a prudent purchaser for the land of the assessee i.e., M/s. Avon Cycles (P) Ltd. The Honble Supreme Court in the case of Daulatram Raivaimull (supra) held as under :
Supreme Court of India Cites 5 - Cited by 94 - Full Document

Joseph Vallooran vs Commissioner Of Income-Tax on 12 December, 1975

18. In the instant case also, the assessing officer adopted the value of Rs. 90,000 per acre only on this basis that he procured some registries wherein the value was around that figure. However, that figure cannot be considered as the market value because the assessing officer no where mentioned that the land was having the same characteristics as that was of assessees land. The Honble Orissa High Court in the case of Joseph Valloran (supra) held as under :
Orissa High Court Cites 12 - Cited by 7 - Full Document

T. Amudha And Ors. vs Appropriate Authority And Anr. on 11 July, 2002

24. In other appeals i.e., I.T.A. No. 408 & 410/Chd./2000, similar issues are involved and even the grounds are the same. The only difference is that in the case of Smt. Arvinder Kaur i.e., I.T.A. No. 408/Chd./2000, the amount of capital gains worked out by the assessing officer was Rs. 61,39,650 and in the case of Smt. Jasminder Kaur i.e., I.T.A. No. 410/ Chd./2000, the amount was at Rs. 66,23,810 otherwise the facts are identical vis-a-vis to the case of Smt. Baljinder Kaur in I.T.A. No. 409/Chd./2000 (supra). In that view of the matter, our findings given in I.T.A. No. 409/Chd./2000 shall apply mutatis mutandis in I.T.A. Nos. 408 & 410/Chd./2000.
Madras High Court Cites 2 - Cited by 2 - R J Babu - Full Document
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