https://www.taxtmi.com/caselaws?id=343093 The Tribunal dismissed the Revenue's appeal and upheld the order to consider the valuation by the District Valuation Officer for computing capital gains. It emphasized the obligation of the Assessing Officer to follow the DVO's valuation when there is a variance with stamp authorities, citing a High Court judgment. The decision underscores the importance of adhering to the valuation determined by the appropriate authority under Section 50C of the Income Tax Act in cases of valuation disputes. en-us Wed, 03 May 2017 00:00:00 +0530 Fri, 19 May 2017 07:47:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343093 The Tribunal dismissed the Revenue's appeal and upheld the order to consider the valuation by the District Valuation Officer for computing capital gains. It emphasized the obligation of the Assessing Officer to follow the DVO's valuation when there is a variance with stamp authorities, citing a High Court judgment. The decision underscores the importance of adhering to the valuation determined by the appropriate authority under Section 50C of the Income Tax Act in cases of valuation disputes. Case-Laws Income Tax Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343093