https://www.taxtmi.com/caselaws?id=66188 The Tribunal allowed the appeal in a property acquisition case due to unsupported valuation by the competent authority. Significant discrepancies were noted in various valuations presented, emphasizing the need for evidence-based valuations over assumptions. The Tribunal highlighted the importance of considering expert opinions and scrutinized the flawed valuation process, ultimately finding it unreliable and inconsistent. Compliance with notice requirements was also addressed, with objections raised but ultimately deemed valid. The Tribunal's decision was based on the lack of reliability in the valuation process and the proper service of acquisition notices. en-us Wed, 31 Dec 1986 00:00:00 +0530 Tue, 22 Feb 2011 10:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66188 The Tribunal allowed the appeal in a property acquisition case due to unsupported valuation by the competent authority. Significant discrepancies were noted in various valuations presented, emphasizing the need for evidence-based valuations over assumptions. The Tribunal highlighted the importance of considering expert opinions and scrutinized the flawed valuation process, ultimately finding it unreliable and inconsistent. Compliance with notice requirements was also addressed, with objections raised but ultimately deemed valid. The Tribunal's decision was based on the lack of reliability in the valuation process and the proper service of acquisition notices. Case-Laws Income Tax Wed, 31 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66188