https://www.taxtmi.com/caselaws?id=176652 The Court held that the Tribunal erred in accepting an Inspector's valuation without a legal basis and disregarding the agreed sale price in the agreement. The Court found that the sale agreement price was the correct value paid by the assessee, setting aside the Tribunal's decision and restoring the Assessing Officer's order. The Court ruled in favor of the Revenue, rejecting the assessee's arguments and concluding that the Tribunal's decision was not legally sustainable. en-us Wed, 04 Dec 2002 00:00:00 +0530 Fri, 25 Dec 2015 13:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176652 The Court held that the Tribunal erred in accepting an Inspector's valuation without a legal basis and disregarding the agreed sale price in the agreement. The Court found that the sale agreement price was the correct value paid by the assessee, setting aside the Tribunal's decision and restoring the Assessing Officer's order. The Court ruled in favor of the Revenue, rejecting the assessee's arguments and concluding that the Tribunal's decision was not legally sustainable. Case-Laws Income Tax Wed, 04 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176652