https://www.taxtmi.com/caselaws?id=103440 The Tribunal dismissed the revenue's appeal and upheld the Commissioner (Appeals) order regarding the valuation of land for assessment year 1989-90. The Tribunal found that the Assessing Officer's valuation, based on post-valuation date sales instances and conversion permission granted after the valuation date, was unjustified. Emphasizing the importance of timing and comparable cases in valuation, the Tribunal stressed the need for consistency and evidence in determining property valuation for tax assessment, ultimately affirming the value declared by the assessee. en-us Thu, 25 Oct 2001 00:00:00 +0530 Wed, 22 Feb 2012 18:06:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103440 The Tribunal dismissed the revenue's appeal and upheld the Commissioner (Appeals) order regarding the valuation of land for assessment year 1989-90. The Tribunal found that the Assessing Officer's valuation, based on post-valuation date sales instances and conversion permission granted after the valuation date, was unjustified. Emphasizing the importance of timing and comparable cases in valuation, the Tribunal stressed the need for consistency and evidence in determining property valuation for tax assessment, ultimately affirming the value declared by the assessee. Case-Laws Wealth-tax Thu, 25 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103440