No Penalty for Incorrect Property Valuation: Assessee and Revenue Equally at Fault u/s 271(1)(c.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty u/s. 271(1)(c) - wrong valuation of the property - assessee as well as the Revenue have been found to be at equal fault in evaluating the land in question - assessee cannot be penalized for such an act and conduct of valuation of the property - no penalty - AT....