2019 (11) TMI 1795

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.... For the Respondent : Shri Kannan Narayanan, JCIT ORDER PER SHRI GEORGE MATHAN, JUDICIAL MEMBER: These are appeals filed by the assessees directed against the order of the learned Commissioner of Income Tax (Appeals)-7, Chennai (hereinafter called as 'CIT(A)') in appeals No. ITA No. 76/CIT(A)-7/2018-19 and ITA No. 77/CIT(A)-7/2018-19 both dated 12.06.2019 for the assessment year 2016-17 in the....

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....rew our attention to the order of the Assessing Officer, wherein at page No. 4 it has been specifically mentioned that as per the request of the assessee, the case was referred to the valuation cell u/s. 50(C)(2) of the Income Tax Act, 1961 for valuation of the fair market value of the impugned property and that the order was subject to rectification according to the report of the Valuation Office....