2004 (8) TMI 22

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....2 raising a common question of law and fact. Since the arguments have been advanced in I.T.A. No. 185 of 2002, the facts are taken from that. The Income-tax Appellate Tribunal, Amritsar Bench, Amritsar (for short the "Tribunal"), has quashed the proceedings under section 147 of the Income-tax Act, 1961 (for short "the Act"), initiated on the basis of the report of the Valuation Officer determinin....

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....n conformity with the view expressed by this court, no substantial question of law arises for consideration by this court. The matter can be viewed from another angle also. In Smt. Amiya Bala Paul v. CIT [2003] 262 ITR 407 (SC) it has been held that the Departmental Valuation Officer cannot be called upon to give a report to the Assessing Officer under the Act except when a reference under secti....