https://www.taxtmi.com/caselaws?id=411606 The Tribunal remanded the case back to the Assessing Officer (A.O.) to refer the valuation of properties to the Valuation Officer (DVO) under Section 55A. It directed the A.O. to consider allowing deduction under Section 80IB(10) on the enhanced amount determined by the DVO. The Tribunal held that the 10% tolerance limit for valuation variances applies retrospectively, and if the difference between declared and DVO values is within this limit, no addition under Section 43CA is warranted. The appeal was allowed for statistical purposes. en-us Wed, 25 Aug 2021 00:00:00 +0530 Fri, 27 Aug 2021 21:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411606 The Tribunal remanded the case back to the Assessing Officer (A.O.) to refer the valuation of properties to the Valuation Officer (DVO) under Section 55A. It directed the A.O. to consider allowing deduction under Section 80IB(10) on the enhanced amount determined by the DVO. The Tribunal held that the 10% tolerance limit for valuation variances applies retrospectively, and if the difference between declared and DVO values is within this limit, no addition under Section 43CA is warranted. The appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 25 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411606