https://www.taxtmi.com/caselaws?id=243184 Section 69B additions based on a DVO valuation and stamp valuation were found unsupported by the CIT(A)'s arbitrary reduction to 10% of registered value, while the DVO's estimate was treated as only indicative and not conclusive. At the same time, the record showed inadequate verification by the Assessing Officer of comparable market transactions, the seller's position, and surrounding facts. The matter was therefore set aside for fresh examination by the Assessing Officer, with due opportunity to the assessee, so that the valuation dispute could be reconsidered on proper factual inquiry. en-us Fri, 24 Jan 2014 00:00:00 +0530 Mon, 27 Jan 2014 22:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243184 Section 69B additions based on a DVO valuation and stamp valuation were found unsupported by the CIT(A)'s arbitrary reduction to 10% of registered value, while the DVO's estimate was treated as only indicative and not conclusive. At the same time, the record showed inadequate verification by the Assessing Officer of comparable market transactions, the seller's position, and surrounding facts. The matter was therefore set aside for fresh examination by the Assessing Officer, with due opportunity to the assessee, so that the valuation dispute could be reconsidered on proper factual inquiry. Case-Laws Income Tax Fri, 24 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243184