2001 (10) TMI 757

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....- This appeal by revenue for assessment year 1989-90 is directed against the order of Commissioner (Appeals) Raj. III, Jaipur dated 19-8-1994. 2. We have heard the arguments of both the sides and also perused the records. The revenue has raised the sole ground disputing the ld. Commissioner (Appeals) impugned order in accepting the returned value of land at Rs. 1,80,000 as against Rs. 24,00,....

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....rt of the ground pertaining to value of land he has contended that the land is situated in outer area of Hanumangarh, the exact location being Chak No. 51 NGC Khagra No. 121/257. He has contended that this land was agricultural land till valuation date and the department failed to bring material on record to prove that the land was other than agricultural. He has contended that the assessee applie....

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.... 51 NGC and the Plot of 15 x 30 ft. was sold for Rs. 20,000. He has cited (1) 192 ITR 310 (Delhi) and (2) 147 ITR 657 (P&H). He has contended that the department is relying on plot of 10 x 15 ft (P. 11 P.B). He has also placed reliance on the following citations :- (3) 113 ITR 277 (Guj.) (4) 161 CTR 135 (All.) 4. We have considered the rival contentions, relevant material on record as also t....