https://www.taxtmi.com/caselaws?id=22996 The Tribunal rejected the applicant's valuer's report and relied on the Department's valuer's opinion in a dispute over property valuation. The Tribunal dismissed the applicant's explanations for savings and loans, disbelieving the evidence accepted by the Income-tax Officer. The judgment raised concerns about discrepancies in evaluating evidence, credibility of financial explanations, and treatment of construction funds as undisclosed income sources. The Tribunal's decision emphasized the importance of credible financial explanations and consistency in assessing financial transactions across different tax proceedings. en-us Tue, 10 Jul 1990 00:00:00 +0530 Tue, 15 Dec 2009 18:14:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22996 The Tribunal rejected the applicant's valuer's report and relied on the Department's valuer's opinion in a dispute over property valuation. The Tribunal dismissed the applicant's explanations for savings and loans, disbelieving the evidence accepted by the Income-tax Officer. The judgment raised concerns about discrepancies in evaluating evidence, credibility of financial explanations, and treatment of construction funds as undisclosed income sources. The Tribunal's decision emphasized the importance of credible financial explanations and consistency in assessing financial transactions across different tax proceedings. Case-Laws Income Tax Tue, 10 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22996