If A.O. not mention diffrence between value estimated by departmental & assessee’s valuer in his Assessment Order, it would be erroneous

HIGH COURT OF ALLAHABAD CIT v. Kamala Prasad Seth IT REFERENCE No. 27 of 2000 December 5, 2011 ORDER 1. The present reference under section 256(2) of the Income Tax Act 1961 (hereinafter referred to as the Act) has been made at the instance of the Revenue. The Tribunal has referred the following question of law for opinion to this court: “Whether on the facts and circumstances of the case, the Income Tax Appellate Tribunal was correct in taking the view that the assessment orders for the consecutive assessment years 1978-79 to 1983-84 were not erroneous and prejudicial t...