https://www.taxtmi.com/caselaws?id=280756 The Tribunal dismissed the Revenue's appeals and allowed the assessees' appeals concerning property valuation for the assessment year 2009-10. It upheld the Commissioner's decision to delete additions made by the Assessing Officer based on unreliable local enquiry findings. The Tribunal emphasized the importance of proper procedures in valuation assessments, the need for concrete evidence, and the legal constraints on revising orders that have merged with previous decisions. The judgment underscores the significance of adhering to established legal principles in tax matters. en-us Fri, 28 Aug 2015 00:00:00 +0530 Tue, 21 May 2019 06:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280756 The Tribunal dismissed the Revenue's appeals and allowed the assessees' appeals concerning property valuation for the assessment year 2009-10. It upheld the Commissioner's decision to delete additions made by the Assessing Officer based on unreliable local enquiry findings. The Tribunal emphasized the importance of proper procedures in valuation assessments, the need for concrete evidence, and the legal constraints on revising orders that have merged with previous decisions. The judgment underscores the significance of adhering to established legal principles in tax matters. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280756