https://www.taxtmi.com/caselaws?id=2801 The High Court upheld the Tribunal's decision in a case involving the interpretation of the Income Tax Act, 1961 regarding property valuation as of 1st January, 1964. The dispute arose from discrepancies in valuation reports for properties acquired by the Assessee, leading to the Income Tax Officer determining the property value based on an earlier report. The Assessee's appeal was dismissed by the Tribunal, which found the Officer's decision reasonable. The High Court concurred with the Tribunal, ruling in favor of the Revenue and against the Assessee. en-us Fri, 18 Jan 2008 00:00:00 +0530 Sun, 08 May 2011 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2801 The High Court upheld the Tribunal's decision in a case involving the interpretation of the Income Tax Act, 1961 regarding property valuation as of 1st January, 1964. The dispute arose from discrepancies in valuation reports for properties acquired by the Assessee, leading to the Income Tax Officer determining the property value based on an earlier report. The Assessee's appeal was dismissed by the Tribunal, which found the Officer's decision reasonable. The High Court concurred with the Tribunal, ruling in favor of the Revenue and against the Assessee. Case-Laws Income Tax Fri, 18 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2801