https://www.taxtmi.com/caselaws?id=341263 The Tribunal partly allowed the appeal, directing the Assessing Officer to refer the valuation issue to the Departmental Valuation Officer and frame the assessment accordingly. The reopening of the assessment under section 147 was upheld, while the assessee's request for a valuation reference under section 50C was accepted. The issue of interest levy under sections 234B and 234C was deemed infructuous at that stage. en-us Fri, 13 Jan 2017 00:00:00 +0530 Wed, 05 Apr 2017 07:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341263 The Tribunal partly allowed the appeal, directing the Assessing Officer to refer the valuation issue to the Departmental Valuation Officer and frame the assessment accordingly. The reopening of the assessment under section 147 was upheld, while the assessee's request for a valuation reference under section 50C was accepted. The issue of interest levy under sections 234B and 234C was deemed infructuous at that stage. Case-Laws Income Tax Fri, 13 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341263