https://www.taxtmi.com/caselaws?id=285221 The Tribunal allowed the appellant's appeal, deleting the addition based on the Valuation Officer's report. It held that the Assessing Officer did not meet the conditions of section 55A, as required for referring the valuation to the DVO. Relying on precedents from the Calcutta High Court and Gujarat High Court, the Tribunal found the reference to the DVO legally unsustainable due to inadequate reasoning. The decision emphasized the importance of forming a valid opinion before such references and highlighted procedural compliance in property valuation for tax purposes. en-us Fri, 07 Feb 2014 00:00:00 +0530 Tue, 21 Jan 2020 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285221 The Tribunal allowed the appellant's appeal, deleting the addition based on the Valuation Officer's report. It held that the Assessing Officer did not meet the conditions of section 55A, as required for referring the valuation to the DVO. Relying on precedents from the Calcutta High Court and Gujarat High Court, the Tribunal found the reference to the DVO legally unsustainable due to inadequate reasoning. The decision emphasized the importance of forming a valid opinion before such references and highlighted procedural compliance in property valuation for tax purposes. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285221