https://www.taxtmi.com/caselaws?id=392263 The Tribunal partially allowed the appeal, dismissing the first ground regarding valuation under Section 50C but allowing the second ground on adopting State PWD rates for construction valuation. The decision emphasized the significance of fair market value and appropriate valuation rates in property assessments, directing the Valuation Officer to revalue based on State PWD rates. en-us Mon, 30 Dec 2019 00:00:00 +0530 Mon, 17 Feb 2020 09:06:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392263 The Tribunal partially allowed the appeal, dismissing the first ground regarding valuation under Section 50C but allowing the second ground on adopting State PWD rates for construction valuation. The decision emphasized the significance of fair market value and appropriate valuation rates in property assessments, directing the Valuation Officer to revalue based on State PWD rates. Case-Laws Income Tax Mon, 30 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392263