https://www.taxtmi.com/caselaws?id=182517 The ITAT allowed the appeal for statistical purposes, directing the AO to reevaluate the property value as on the sale date and 1.4.1981 through the Valuation Cell. The decision emphasized the importance of proper valuation procedures and compliance with statutory provisions under Section 50C(2) of the Income Tax Act. en-us Fri, 07 May 2010 00:00:00 +0530 Thu, 12 May 2016 14:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182517 The ITAT allowed the appeal for statistical purposes, directing the AO to reevaluate the property value as on the sale date and 1.4.1981 through the Valuation Cell. The decision emphasized the importance of proper valuation procedures and compliance with statutory provisions under Section 50C(2) of the Income Tax Act. Case-Laws Income Tax Fri, 07 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182517