https://www.taxtmi.com/caselaws?id=279059 The Tribunal allowed the appeal for statistical purposes, directing valuation by the District Valuation Officer (DVO) for fair market value consideration. The Tribunal held that referring to the DVO is mandatory when objections are raised by the assessee, overturning the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) orders. The jurisdiction issue in re-opening assessment under section 147 was withdrawn by the assessee during arguments. en-us Fri, 06 Dec 2013 00:00:00 +0530 Fri, 01 Mar 2019 15:04:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279059 The Tribunal allowed the appeal for statistical purposes, directing valuation by the District Valuation Officer (DVO) for fair market value consideration. The Tribunal held that referring to the DVO is mandatory when objections are raised by the assessee, overturning the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) orders. The jurisdiction issue in re-opening assessment under section 147 was withdrawn by the assessee during arguments. Case-Laws Income Tax Fri, 06 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279059