https://www.taxtmi.com/caselaws?id=243576 Delay in refiling the appeal was condoned. The case focused on whether the Revenue was justified in referring the matter to the Departmental Valuation Officer (DVO) for assessing land value and construction costs without rejecting the assessee's books of account. The Tribunal held that without rejecting the books of account, the referral to the DVO was unwarranted, citing legal precedent. The Tribunal ruled in favor of the assessee, emphasizing the importance of maintaining and not rejecting books of account before seeking external valuation. The appeal by the Revenue was dismissed, affirming the Tribunal's decision. en-us Tue, 10 Jul 2012 00:00:00 +0530 Wed, 05 Feb 2014 08:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243576 Delay in refiling the appeal was condoned. The case focused on whether the Revenue was justified in referring the matter to the Departmental Valuation Officer (DVO) for assessing land value and construction costs without rejecting the assessee's books of account. The Tribunal held that without rejecting the books of account, the referral to the DVO was unwarranted, citing legal precedent. The Tribunal ruled in favor of the assessee, emphasizing the importance of maintaining and not rejecting books of account before seeking external valuation. The appeal by the Revenue was dismissed, affirming the Tribunal's decision. Case-Laws Income Tax Tue, 10 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243576