https://www.taxtmi.com/caselaws?id=61682 The Revenue's appeal challenging the 15% relief granted by the CWT(A) in land valuation was dismissed. The CWT(A) upheld the relief, citing comparable sale instances and discrepancies in the DVO's valuation. The Revenue failed to provide evidence to counter the CWT(A)'s findings, leading to confirmation of the relief. The judgment highlighted the significance of valuing properties based on local comparables and supported the CWT(A)'s decision to reduce the land valuation by 15%. en-us Wed, 23 Apr 2003 00:00:00 +0530 Thu, 13 Jan 2011 18:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61682 The Revenue's appeal challenging the 15% relief granted by the CWT(A) in land valuation was dismissed. The CWT(A) upheld the relief, citing comparable sale instances and discrepancies in the DVO's valuation. The Revenue failed to provide evidence to counter the CWT(A)'s findings, leading to confirmation of the relief. The judgment highlighted the significance of valuing properties based on local comparables and supported the CWT(A)'s decision to reduce the land valuation by 15%. Case-Laws Wealth-tax Wed, 23 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61682