2020 (8) TMI 186

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....his assessee's appeal for assessment year 2013-14 arises against the Commissioner of Income Tax (Appeals)-Ranchi's order dated 11.09.2017 passed in case No.CIT(A), Ranchi/10026/2016-17 involving proceedings u/s 143(3) of the Income Tax Act, 1961; in short 'the Act'. Heard both the parties. Case file perused 2. We notice at the outset that the sole dispute between the parties herein is qua the cos....

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.... well as the CIT-DR appearing at the Revenue's behest. The above peculiar facts and circumstances of the case making it clear that neither of the two parties have been able to justify their valuations i.e., exact location and on sale consideration basis; respectively. We therefore are of the view that neither party's stand deserves to be accepted in entirety. We thus conclude that a lump sum cost ....