https://www.taxtmi.com/caselaws?id=181883 The High Court upheld the Tribunal's decision in a case concerning the valuation of a property for income tax purposes. The Court found the wife's valuation unreliable due to marital discord and criminal proceedings, setting aside previous findings. Discrepancies in corroborative evidence from a property dealer further undermined the revenue's case. The Valuation Officer's report was deemed flawed due to procedural lapses, with the Court emphasizing the value stated in a registered document unless rebutted by reliable evidence. The appeal was dismissed, affirming the Tribunal's assessment as appropriate. en-us Tue, 09 Oct 2007 00:00:00 +0530 Tue, 26 Apr 2016 18:02:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181883 The High Court upheld the Tribunal's decision in a case concerning the valuation of a property for income tax purposes. The Court found the wife's valuation unreliable due to marital discord and criminal proceedings, setting aside previous findings. Discrepancies in corroborative evidence from a property dealer further undermined the revenue's case. The Valuation Officer's report was deemed flawed due to procedural lapses, with the Court emphasizing the value stated in a registered document unless rebutted by reliable evidence. The appeal was dismissed, affirming the Tribunal's assessment as appropriate. Case-Laws Income Tax Tue, 09 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181883