https://www.taxtmi.com/caselaws?id=192576 The ITAT allowed the appeal, setting aside lower court decisions. It directed the Assessing Officer to accept the valuation per the Registered Valuer's report for computing capital gains, emphasizing the need to follow proper procedures and consider expert opinions. The dispute centered on the valuation of property as of 01.04.1981 for capital gain computation, with the ITAT finding the Assessing Officer lacked evidence to dispute the Valuer's report and should have referred the matter to the DVO if necessary. en-us Wed, 15 Jul 2015 00:00:00 +0530 Wed, 07 Jun 2017 06:16:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192576 The ITAT allowed the appeal, setting aside lower court decisions. It directed the Assessing Officer to accept the valuation per the Registered Valuer's report for computing capital gains, emphasizing the need to follow proper procedures and consider expert opinions. The dispute centered on the valuation of property as of 01.04.1981 for capital gain computation, with the ITAT finding the Assessing Officer lacked evidence to dispute the Valuer's report and should have referred the matter to the DVO if necessary. Case-Laws Income Tax Wed, 15 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192576