https://www.taxtmi.com/caselaws?id=362825 The judgment favored the appellant, ruling that the Assessing Officer's adoption of circle rates without referring the valuation to the Valuation Officer was unjust. The failure to follow statutory provisions and consider the fair market value adequately led to the deletion of the addition. The judgment emphasized the importance of upholding legal obligations and ensuring a fair valuation process in tax assessments. en-us Mon, 02 Jul 2018 00:00:00 +0530 Wed, 04 Jul 2018 08:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362825 The judgment favored the appellant, ruling that the Assessing Officer's adoption of circle rates without referring the valuation to the Valuation Officer was unjust. The failure to follow statutory provisions and consider the fair market value adequately led to the deletion of the addition. The judgment emphasized the importance of upholding legal obligations and ensuring a fair valuation process in tax assessments. Case-Laws Income Tax Mon, 02 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362825