https://www.taxtmi.com/caselaws?id=341805 The High Court affirmed the valuation of land at Rs. 25 per sq.mtr. as on 1/4/1981, rejecting the assessee's argument for a higher value of Rs. 40 per sq.mtr. The Court found the valuation reasonable based on locational advantages and upheld the decision of the CIT(A) and tribunal. The judgment emphasized the evidence-backed valuation and dismissed the appeal, concluding no substantial legal question arose. en-us Mon, 10 Apr 2017 00:00:00 +0530 Tue, 18 Apr 2017 09:00:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341805 The High Court affirmed the valuation of land at Rs. 25 per sq.mtr. as on 1/4/1981, rejecting the assessee's argument for a higher value of Rs. 40 per sq.mtr. The Court found the valuation reasonable based on locational advantages and upheld the decision of the CIT(A) and tribunal. The judgment emphasized the evidence-backed valuation and dismissed the appeal, concluding no substantial legal question arose. Case-Laws Income Tax Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341805