Assessee was aggrieved by order of Tribunal contending that Tribunal should have directed Assessing Officer to refer valuation of sale of gala (industrial building) to Valuation Officer as per section 50C(2). Court held that since there was no submission before Tribunal that Assessing Officer should have referred valuation to Valuation Officer, question raised by assessee could not be considered by Court. (AY. 2010-11)
Vipin Mehta v. CIT (2020) 270 Taxman 67 (Bom.)(HC)
S. 260A : Appeal-High Court-Capital gains-Full value of consideration-Stamp valuation-Reference to DVO-Grounds not raised before the Tribunal-Not allowed to raise the ground in an appeal before High court. [S. 45, 50C, 254(1)]