https://www.taxtmi.com/caselaws?id=378261 The Tribunal allowed the appeals of the assessees, directing the Assessing Officer to recompute the capital gain without considering the District Valuation Officer's report. The Tribunal emphasized that if the value declared by the assessees aligns with a registered valuer's estimate, the AO cannot refer the matter to the DVO under section 55A. The judgment underscored the importance of adhering to legal provisions and precedents in determining long term capital gains when the assessees' declared value is in line with a registered valuer's estimate. en-us Wed, 10 Apr 2019 00:00:00 +0530 Thu, 11 Apr 2019 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378261 The Tribunal allowed the appeals of the assessees, directing the Assessing Officer to recompute the capital gain without considering the District Valuation Officer's report. The Tribunal emphasized that if the value declared by the assessees aligns with a registered valuer's estimate, the AO cannot refer the matter to the DVO under section 55A. The judgment underscored the importance of adhering to legal provisions and precedents in determining long term capital gains when the assessees' declared value is in line with a registered valuer's estimate. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378261