https://www.taxtmi.com/caselaws?id=295714 The tribunal ruled in favor of the assessee, deleting the addition made by the Assessing Officer and accepting the sale value declared by the assessee. The judgment emphasized the importance of considering sale instances close to the actual sale date for accurate property valuation and highlighted the Assessing Officer's duty to independently assess the value, particularly when the method used by the DVO lacked a proper basis. en-us Fri, 13 May 2016 00:00:00 +0530 Thu, 17 Jun 2021 11:06:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295714 The tribunal ruled in favor of the assessee, deleting the addition made by the Assessing Officer and accepting the sale value declared by the assessee. The judgment emphasized the importance of considering sale instances close to the actual sale date for accurate property valuation and highlighted the Assessing Officer's duty to independently assess the value, particularly when the method used by the DVO lacked a proper basis. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295714