2024 (5) TMI 1641

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....ng with Ms. Pratishtha Chaudhary, Ms. Monica Benjamin, JSC and Mr. Naveen Rohila, Adv. For the Respondent : Mr. Sachit Jolly, Adv. ORDER 1. The Principal Commissioner assails the judgement of the Income Tax Appellate Tribunal ["ITAT"] dated 10 October 2019 and has proposed the following questions of law for our consideration:- "A. Whether in the given facts and circumstances of t....

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....e project basis the DVO Report on the premise that the difference between the value declared by the Respondent/Assessee and the DVO is less than 3% and therefore constitutes an insignificant difference?" 2. Having heard Mr. Chawla, learned counsel in support of the appeal, we find that the issue which stands raised essentially stands concluded against the appellant bearing in mind the judgment ....

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....In view of the above discussion, and having regard to the fact that the variation in valuation, in this case between what was disclosed by the assessee and what was indicated by the DVO is not significant, this court is of opinion that there is no infirmity in the findings contained in the impugned order of the Tribunal. No substantial question of law arises for consideration. The appeals are, the....