https://www.taxtmi.com/caselaws?id=78430 The High Court of Karnataka allowed the appeal filed by the Revenue, setting aside the orders of the appellate authorities and restoring the Assessing Officer's valuation for capital gains tax assessment of a property. The court held that the Assessing Officer's valuation, considering both sold and unsold flats, was more appropriate than the lower valuation adopted by the assessee. The judgment emphasized the importance of considering all relevant factors and legal documents in determining property valuation for tax assessment. en-us Fri, 31 Jul 2009 00:00:00 +0530 Tue, 16 Nov 2010 10:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78430 The High Court of Karnataka allowed the appeal filed by the Revenue, setting aside the orders of the appellate authorities and restoring the Assessing Officer's valuation for capital gains tax assessment of a property. The court held that the Assessing Officer's valuation, considering both sold and unsold flats, was more appropriate than the lower valuation adopted by the assessee. The judgment emphasized the importance of considering all relevant factors and legal documents in determining property valuation for tax assessment. Case-Laws Income Tax Fri, 31 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78430