TaxTMI 
TaxTMI 
2022 (10) TMI 1025
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....al, CIT DR ORDER PER SUCHITRA KAMBLE, JUDICIAL MEMBER : This appeal is filed by the assessee against the order dated 20.03.2020 passed by the PCIT-2, Ahmedabad for the Assessment Year 2013-14. 2. The assessee has raised the following grounds of appeal: "1. The Honorable Pr. Commissioner of Income Tax-2, Ahmedabad erred in passing order under section 263 of the Act holding Assessment Order....
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.... that the assessee has received ancestral property from her father late Shri Madansinhji Daulatsinhji Jadeja. After death of assessee's father she received the said land which has been sold for developing the plots of land (total 467 plots were developed out of which 131 were sold for Rs.3,07,55,000/-). As the sale value was less than the value determined by Stamp Valuation Authority, the assessee....
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....d the different valuation adopted by the assessee in different areas for the same land and, therefore, set aside the assessment order and directed the Assessing Officer to pass fresh assessment order after properly ascertaining the correct facts on the said issues. 4. Being aggrieved by the order under Section 263 of the Act passed by the PCIT, the assessee is before us. 5. The Ld. AR submitted ....
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....CIT has misread the valuation report as the prior and subsequent years' rate were properly taken while determining the present areas in respect of LTCTG and land valuation by the DVO. 6. The Ld. DR submitted that the notice under Section 142(1) of the Act issued by the Assessing officer during the assessment proceedings is only a query but not the actual enquiry and thus, the Assessing Officer ha....