2020 (12) TMI 148

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...., Income Tax Consultant & Practitioner Respondent by : Ms. R. Anitha, JCIT ORDER PER S. JAYARAMAN, ACCOUNTANT MEMBER: The assessee filed this appeal against the order of the Commissioner of Income Tax (Appeals)-16, Chennai in ITA No.165/CIT(A)-16/2008-09 dated 20.09.2018 for the assessment year 2009-10. 2. Shri Vasudevan Pillai, the assessee, an individual and a manufacturer of corr....

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....s less than the 500 sq.metres and hence the AO should not have assessed the value of such plot, as per the assessee's choice. In spite the similar plea made before the ld.CIT(A), the ld.CIT(A) failed to appreciate the fact and law and erred in dismissing the appeal. Therefore the ld.AR pleaded to allow the appeal. Per contra, the ld.DR supported the order of the ld.CIT(A). 4. We heard the rival....