https://www.taxtmi.com/caselaws?id=401306 The Tribunal allowed the appeal in favor of the assessee, directing the deletion of the addition made under Section 56(2) of the Income Tax Act. The Tribunal emphasized that the Assessing Officer failed to refer the valuation dispute to the District Valuation Officer, which was a mandatory requirement. Other issues raised by the assessee were left open for future consideration as the primary ground was resolved in the assessee's favor. en-us Fri, 06 Nov 2020 00:00:00 +0530 Tue, 17 Mar 2026 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401306 The Tribunal allowed the appeal in favor of the assessee, directing the deletion of the addition made under Section 56(2) of the Income Tax Act. The Tribunal emphasized that the Assessing Officer failed to refer the valuation dispute to the District Valuation Officer, which was a mandatory requirement. Other issues raised by the assessee were left open for future consideration as the primary ground was resolved in the assessee's favor. Case-Laws Income Tax Fri, 06 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401306