https://www.taxtmi.com/caselaws?id=261091 The court dismissed the appeal, finding no substantial question of law regarding the reliance on a judgment post the insertion of Section 142A of the Income Tax Act, 1961. In the assessment of the valuation report for a building named Panchwati Plaza, discrepancies in the valuation methodology led to the quashing of the addition of Rs. 68 lakhs to the income. The court emphasized the importance of accurate valuation practices, rejecting the flawed valuation report and supporting the decisions of the lower authorities. en-us Thu, 18 Jun 2015 00:00:00 +0530 Thu, 02 Jul 2015 06:08:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261091 The court dismissed the appeal, finding no substantial question of law regarding the reliance on a judgment post the insertion of Section 142A of the Income Tax Act, 1961. In the assessment of the valuation report for a building named Panchwati Plaza, discrepancies in the valuation methodology led to the quashing of the addition of Rs. 68 lakhs to the income. The court emphasized the importance of accurate valuation practices, rejecting the flawed valuation report and supporting the decisions of the lower authorities. Case-Laws Income Tax Thu, 18 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261091