https://www.taxtmi.com/caselaws?id=284225 The Court dismissed the Revenue's appeal challenging the order on substantial questions of law related to property valuation and capital gains assessment. The Tribunal's decision to accept the Assessee's valuation over the Assessing Officer's was upheld, with the Court noting that the property's location on the main road typically commands a higher value. The Tribunal's reasoning that the Sub Registrar's valuation is a minimum and not indicative of the true market value was considered valid, leading to the dismissal of the appeal against the Revenue. en-us Tue, 06 Apr 2010 00:00:00 +0530 Thu, 07 Nov 2019 15:02:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284225 The Court dismissed the Revenue's appeal challenging the order on substantial questions of law related to property valuation and capital gains assessment. The Tribunal's decision to accept the Assessee's valuation over the Assessing Officer's was upheld, with the Court noting that the property's location on the main road typically commands a higher value. The Tribunal's reasoning that the Sub Registrar's valuation is a minimum and not indicative of the true market value was considered valid, leading to the dismissal of the appeal against the Revenue. Case-Laws Income Tax Tue, 06 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284225