https://www.taxtmi.com/caselaws?id=64699 The Tribunal set aside the assessment and directed a fresh assessment for the assessment year 1982-83, emphasizing the need for proper valuation methods to determine the fair market value of a property sold on 1st Jan., 1964. The judgment highlighted discrepancies in the assessment order and criticized the inadequate consideration of relevant factors. The Tribunal allowed both appeals for statistical purposes, underscoring the importance of conducting a comprehensive reassessment based on sound valuation principles. en-us Mon, 14 Dec 1987 00:00:00 +0530 Wed, 09 Feb 2011 13:20:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64699 The Tribunal set aside the assessment and directed a fresh assessment for the assessment year 1982-83, emphasizing the need for proper valuation methods to determine the fair market value of a property sold on 1st Jan., 1964. The judgment highlighted discrepancies in the assessment order and criticized the inadequate consideration of relevant factors. The Tribunal allowed both appeals for statistical purposes, underscoring the importance of conducting a comprehensive reassessment based on sound valuation principles. Case-Laws Income Tax Mon, 14 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64699