https://www.taxtmi.com/caselaws?id=256057 The Tribunal dismissed the department's appeals, allowed the cross objections, and directed the Assessing Officer to set the fair market value of the land at Rs. 25 per sq. mtr. The decision emphasized the significance of precise valuation and correct classification of land for tax purposes, stressing the requirement for relevant and verifiable evidence in tax assessments. en-us Mon, 12 Jan 2015 00:00:00 +0530 Tue, 03 Feb 2015 06:02:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256057 The Tribunal dismissed the department's appeals, allowed the cross objections, and directed the Assessing Officer to set the fair market value of the land at Rs. 25 per sq. mtr. The decision emphasized the significance of precise valuation and correct classification of land for tax purposes, stressing the requirement for relevant and verifiable evidence in tax assessments. Case-Laws Income Tax Mon, 12 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256057