2001 (2) TMI 37

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....-The Tribunal has held that the Revenue could not have adopted the higher valuation for one of the properties owned by the assessee which is a coffee curing works and which had been valued by the Valuing Officer at over Rs.47.88 lakhs, on the ground that the value of that property at the lower figure of Rs.12.68 lakhs had been approved by the Commissioner, in the assessee's appeal which had been f....

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....e issue raised in the appeal, be confined to the value of the other properties whose valuations had been questioned in appeal by the assessee and cannot be read as extending to the consideration and approval of the valuation of the property, valuation of which was not the subject-matter of appeal. It was, therefore, open to the Commissioner to revise the valuation in respect of the coffee curin....