https://www.taxtmi.com/caselaws?id=382141 The Tribunal partly allowed the appeal, directing the Assessing Officer to reevaluate the ALV for multiple properties based on municipal corporation rates. The ALV determinations by the Assessing Officer were found lacking substantial support for properties 3, 4, and 5. The Tribunal emphasized that ALV should align with municipal corporation rates unless the assessee's declared ALV was lower. Grounds challenging interest levy and penalties were dismissed as consequential, with the appeal allowed in part for statistical purposes. en-us Fri, 21 Jun 2019 00:00:00 +0530 Tue, 25 Jun 2019 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382141 The Tribunal partly allowed the appeal, directing the Assessing Officer to reevaluate the ALV for multiple properties based on municipal corporation rates. The ALV determinations by the Assessing Officer were found lacking substantial support for properties 3, 4, and 5. The Tribunal emphasized that ALV should align with municipal corporation rates unless the assessee's declared ALV was lower. Grounds challenging interest levy and penalties were dismissed as consequential, with the appeal allowed in part for statistical purposes. Case-Laws Income Tax Fri, 21 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382141