https://www.taxtmi.com/caselaws?id=67699 The Appellate Tribunal ITAT Jaipur ruled in a group of appeals by the Revenue against the AAC's order for consecutive assessment years 1974-75 to 1976-77. The issue centered on the initiation of proceedings u/s 147(a) of the IT Act, 1961, regarding the valuation of a Self-Occupied Property by the ITO. The Tribunal held that the ITO did not establish any failure on the part of the assessee to disclose material facts necessary for assessment, as the valuation was based on external departmental assessments. Consequently, the Tribunal upheld the AAC's decision, dismissing the Revenue's appeals and affirming the correctness of the AAC's order for all three years. en-us Thu, 10 Sep 1981 00:00:00 +0530 Mon, 14 Mar 2011 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67699 The Appellate Tribunal ITAT Jaipur ruled in a group of appeals by the Revenue against the AAC's order for consecutive assessment years 1974-75 to 1976-77. The issue centered on the initiation of proceedings u/s 147(a) of the IT Act, 1961, regarding the valuation of a Self-Occupied Property by the ITO. The Tribunal held that the ITO did not establish any failure on the part of the assessee to disclose material facts necessary for assessment, as the valuation was based on external departmental assessments. Consequently, the Tribunal upheld the AAC's decision, dismissing the Revenue's appeals and affirming the correctness of the AAC's order for all three years. Case-Laws Income Tax Thu, 10 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67699