https://www.taxtmi.com/caselaws?id=20198 The court ruled in favor of the respondents, upholding the Assessing Officer's authority to refer a matter to the Valuation Officer for determining property construction costs post-assessment under section 55A of the Income-tax Act. The court emphasized the broad scope of section 55A beyond capital gains assessment, highlighting the importance of asset valuation in preventing tax evasion. The writ petition was dismissed, allowing the petitioner to challenge any future orders separately. en-us Fri, 25 Mar 1994 00:00:00 +0530 Thu, 12 Nov 2009 13:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20198 The court ruled in favor of the respondents, upholding the Assessing Officer's authority to refer a matter to the Valuation Officer for determining property construction costs post-assessment under section 55A of the Income-tax Act. The court emphasized the broad scope of section 55A beyond capital gains assessment, highlighting the importance of asset valuation in preventing tax evasion. The writ petition was dismissed, allowing the petitioner to challenge any future orders separately. Case-Laws Income Tax Fri, 25 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20198