CIT(A) should adopt market rates in valuers directory/stamp duty reckoner in absence of sale instance in same area

April 24, 2015[2015] 56 taxmann.com 260 (Mumbai - Trib.)

IT: Where no sale instances was available of same area, Commissioner (Appeals) was right in working out Fair Market Value of land by relying upon rate mentioned in Indian Valuers Directory and Reference Book and Stamp Duty Ready Reckoner and by adopting annual rate of appreciation method