https://www.taxtmi.com/caselaws?id=185503 The Tribunal allowed the assessee's appeal, holding that the Assessing Officer's reference to the Valuation Officer under section 55A for Fair Market Value valuation was without jurisdiction, based on the decision of the High Court of Bombay. The Tribunal directed the Assessing Officer to accept the valuation declared by the assessee for the cost of acquisition for the assessment year 2005-06. en-us Mon, 28 May 2012 00:00:00 +0530 Tue, 16 Aug 2016 17:17:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185503 The Tribunal allowed the assessee's appeal, holding that the Assessing Officer's reference to the Valuation Officer under section 55A for Fair Market Value valuation was without jurisdiction, based on the decision of the High Court of Bombay. The Tribunal directed the Assessing Officer to accept the valuation declared by the assessee for the cost of acquisition for the assessment year 2005-06. Case-Laws Income Tax Mon, 28 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185503