Valuation done by DVO binding on Assessing Officer

HIGH COURT OF ALLAHABAD Commissioner of Income-tax versus Dr. Indra Swaroop Bhatnagar IT APPEAL NO. 97 OF 2008 SEPTEMBER 29, 2011 JUDGMENT Dr. Satish Chandra, J. This appeal has been filed by the Department-appellant under section 260A of the Income-tax Act, 1961, against the judgment and order dated December 31, 2007, passed by the Income-tax Appellate Tribunal, Lucknow, in I. T. A. No. 1232/Luc/2006 for the assessment year 2003-04. 2. This appeal was admitted by a Bench of this court on June 30, 2008, on the following substantial questions of law : “1.  Whether, on ...