https://www.taxtmi.com/caselaws?id=188450 The High Court upheld the validity of notices issued under section 131(1)(d) of the Income-tax Act, 1961 by the Valuation Officer for determining capital gains and income assessment. The Court affirmed the authority and competence of the Valuation Officer, emphasizing the importance of fair market value determination for tax assessments. The petitions challenging the notices were dismissed, ruling that the Valuation Officer's actions were valid and in compliance with principles of natural justice. en-us Fri, 20 Aug 1999 00:00:00 +0530 Thu, 01 Dec 2016 12:32:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188450 The High Court upheld the validity of notices issued under section 131(1)(d) of the Income-tax Act, 1961 by the Valuation Officer for determining capital gains and income assessment. The Court affirmed the authority and competence of the Valuation Officer, emphasizing the importance of fair market value determination for tax assessments. The petitions challenging the notices were dismissed, ruling that the Valuation Officer's actions were valid and in compliance with principles of natural justice. Case-Laws Income Tax Fri, 20 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188450