https://www.taxtmi.com/caselaws?id=10428 The Court set aside the Tribunal's decision and allowed the appeal, favoring the assessee. It accepted the valuation made by the valuer despite disapproving of the comparison method used, emphasizing the importance of aligning valuation with accepted principles. The Court found the Tribunal's valuation arbitrary and unsupported by established principles, highlighting the need for proper valuation based on comparable properties. The Tribunal's failure to remand for fresh valuation and follow correct procedures led to an unjust determination of property value, ultimately resulting in the Court's decision in favor of the assessee. en-us Fri, 04 Feb 2005 00:00:00 +0530 Wed, 15 Jul 2009 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10428 The Court set aside the Tribunal's decision and allowed the appeal, favoring the assessee. It accepted the valuation made by the valuer despite disapproving of the comparison method used, emphasizing the importance of aligning valuation with accepted principles. The Court found the Tribunal's valuation arbitrary and unsupported by established principles, highlighting the need for proper valuation based on comparable properties. The Tribunal's failure to remand for fresh valuation and follow correct procedures led to an unjust determination of property value, ultimately resulting in the Court's decision in favor of the assessee. Case-Laws Income Tax Fri, 04 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10428