https://www.taxtmi.com/caselaws?id=404729 The High Court of Madhya Pradesh addressed challenges to valuation proceedings under Section 142 A of the Income Tax Act, 1961. It clarified the time limit for submitting the valuation report and discussed the jurisdiction and powers of the Commissioner (Appeals) in handling appeals and obtaining valuation reports. The Court emphasized the need for prompt consideration of the limitation plea by the Commissioner (Appeals) and decision-making in accordance with the provisions of the Income Tax Act, 1961. en-us Mon, 15 Feb 2021 00:00:00 +0530 Tue, 02 Mar 2021 08:22:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404729 The High Court of Madhya Pradesh addressed challenges to valuation proceedings under Section 142 A of the Income Tax Act, 1961. It clarified the time limit for submitting the valuation report and discussed the jurisdiction and powers of the Commissioner (Appeals) in handling appeals and obtaining valuation reports. The Court emphasized the need for prompt consideration of the limitation plea by the Commissioner (Appeals) and decision-making in accordance with the provisions of the Income Tax Act, 1961. Case-Laws Income Tax Mon, 15 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404729