[aaykarbhavan] HC denied to admit appeal as issue relating to valuation of assets made by ITAT was question of fact

HC denied to admit appeal as issue relating to valuation of assets made by ITAT was question of fact

August 29, 2014[2014] 48 taxmann.com 22 (Andhra Pradesh)/[2014] 361 ITR 668 (Andhra Pradesh)

WT : Where Tribunal relying upon its orders passed in earlier assessment years, reduced valuation adopted by Departmental valuer in respect of beneficial interest of assessee in jewellery held by a trust on account of various factors such as joint ownership, cumulative burden of tax liabilities, hazard and risk of litigation etc., said question relating to valuation of asset being a pure question of fact, impugned order passed by Tribunal did not require any interference.

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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