https://www.taxtmi.com/caselaws?id=252485 The revenue's appeal under Section 260A of the Income Tax Act against the Tribunal's order, challenging the addition of Rs. 1,87,71,730 under Section 69B of the Act and the valuation of property for stamp duty purposes, was dismissed. The Tribunal upheld its decision not to rely on the Departmental Valuation Officer's report, accepting the value in the sale deed as accurate. The correctness of the full value of consideration in the sale deed was deemed satisfactory, leading to the substantial questions of law being resolved in favor of the assessee. en-us Wed, 05 Mar 2014 00:00:00 +0530 Mon, 27 Oct 2014 07:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252485 The revenue's appeal under Section 260A of the Income Tax Act against the Tribunal's order, challenging the addition of Rs. 1,87,71,730 under Section 69B of the Act and the valuation of property for stamp duty purposes, was dismissed. The Tribunal upheld its decision not to rely on the Departmental Valuation Officer's report, accepting the value in the sale deed as accurate. The correctness of the full value of consideration in the sale deed was deemed satisfactory, leading to the substantial questions of law being resolved in favor of the assessee. Case-Laws Income Tax Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252485