https://www.taxtmi.com/caselaws?id=402638 The Tribunal remitted the valuation dispute for fresh adjudication because the appellate authority had not examined the assessee's factual objections on alleged defects and deficiencies in the land, or whether those matters were properly reflected in the valuation report. It directed that the objections be reconsidered de novo, with the valuation officer's response obtained if necessary and a speaking order passed. On the separate issue of whether transfer of development rights falls within section 50C, the Tribunal held that this question also required reconsideration afresh in light of the assessee's authorities and the rival case law relied on by the revenue. en-us Tue, 05 Jan 2021 00:00:00 +0530 Sat, 03 Apr 2021 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402638 The Tribunal remitted the valuation dispute for fresh adjudication because the appellate authority had not examined the assessee's factual objections on alleged defects and deficiencies in the land, or whether those matters were properly reflected in the valuation report. It directed that the objections be reconsidered de novo, with the valuation officer's response obtained if necessary and a speaking order passed. On the separate issue of whether transfer of development rights falls within section 50C, the Tribunal held that this question also required reconsideration afresh in light of the assessee's authorities and the rival case law relied on by the revenue. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402638