LAWS(GAU)-1999-8-28

COMMISSIONER OF INCOME TAX Vs. AMIYA BALA PAUL

Decided On August 25, 1999
COMMISSIONER OF INCOME TAX Appellant
V/S
SMT. AMIYA BALA PAUL Respondents

JUDGEMENT

(1.) THIS is a reference under S. 256(2) of the INCOME TAX ACT, 1961, at the instance of the Revenue.

(2.) THE following question has been referred for opinion in view of the order of this Court rendered in Civil Rule 8(M) of 1992 : "Whether, on the facts and in the circumstances of the case, the Tribunal erred in law by holding that the AO cannot refer the matter to the Valuation Cell for estimating the cost of construction of the house property".

(3.) WE have heard Shri G.K. Joshi, learned counsel for the Revenue, and Shri A.K. Saraf, learned counsel appearing for the assessee.