https://www.taxtmi.com/caselaws?id=202749 The Tribunal concluded that the valuation based on the written down value (WDV) as per the Income Tax Act should be adopted, rejecting the valuation report of the Registered Valuer and Chartered Engineer. The matter was remitted back to the Assessing Officer (AO) to determine the arm's length price (ALP) using the WDV method, with the assessee being given an opportunity to be heard. The appeal was allowed for statistical purposes. en-us Fri, 21 Jan 2011 00:00:00 +0530 Wed, 13 Apr 2011 23:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202749 The Tribunal concluded that the valuation based on the written down value (WDV) as per the Income Tax Act should be adopted, rejecting the valuation report of the Registered Valuer and Chartered Engineer. The matter was remitted back to the Assessing Officer (AO) to determine the arm's length price (ALP) using the WDV method, with the assessee being given an opportunity to be heard. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 21 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202749