2019 (11) TMI 1795

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....pellant : Shri S. Sridhar, Advocate 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.....

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....al. 4. The learned Authorized Representative drew 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 rectificatio....