2018 (12) TMI 1079

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....e Revenue filed under Section 260-A of the Income-tax Act, 1961, is directed against the order of the Income-tax Appellate Tribunal Bench 'C' Chennai, (for brevity "the Tribunal") dated 14.08.2008, in I.T.A.No.61/Mds/2008 for the assessment year 2004- 05. 2. The above appeal has been admitted, on 15.04.2009, on the following substantial questions of law:- "(i) Whether on the facts and i....

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....ssee, as adopted by the Commissioner of Income Tax (Appeals)-V (for brevity "the CIT(A)") in his order dated 20.09.2007, was proper; and whether the Tribunal was right in not interfering with the said valuation and dismissing the appeal filed by the Revenue. 4. We have perused the order passed by the CIT (A), who has taken note of the prevailing guideline value, which was adopted as yardstick by ....