https://www.taxtmi.com/caselaws?id=384281 The court condoned the delay in re-filing the appeal and disposed of the application accordingly. The main issue revolved around the Assessing Officer's decision to proceed with finalizing the assessment without waiting for the valuation report from the District Valuation Officer, as mandated by Section 50 C of the Income Tax Act, 1961. The court upheld the decisions of the lower authorities, emphasizing that the AO's actions were not justified under the law. The appeal was dismissed as no substantial question of law was found, affirming the deletion of the addition made by the AO based on the Stamp Duty Officer's valuation. en-us Tue, 06 Aug 2019 00:00:00 +0530 Fri, 09 Aug 2019 07:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384281 The court condoned the delay in re-filing the appeal and disposed of the application accordingly. The main issue revolved around the Assessing Officer's decision to proceed with finalizing the assessment without waiting for the valuation report from the District Valuation Officer, as mandated by Section 50 C of the Income Tax Act, 1961. The court upheld the decisions of the lower authorities, emphasizing that the AO's actions were not justified under the law. The appeal was dismissed as no substantial question of law was found, affirming the deletion of the addition made by the AO based on the Stamp Duty Officer's valuation. Case-Laws Income Tax Tue, 06 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384281