https://www.taxtmi.com/caselaws?id=416778 The Tribunal partly allowed the appeal, emphasizing the fair market value dispute for property conversion and Assessing Officer's additions to gross profit from real estate business. It directed a fair market value of Rs. 200 per sq.ft. for settlement, stressing the need for reasonable valuation. Other issues, such as closing stock valuation and natural justice principles, were briefly mentioned without detailed resolution. en-us Wed, 05 Jan 2022 00:00:00 +0530 Fri, 07 Jan 2022 08:52:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416778 The Tribunal partly allowed the appeal, emphasizing the fair market value dispute for property conversion and Assessing Officer's additions to gross profit from real estate business. It directed a fair market value of Rs. 200 per sq.ft. for settlement, stressing the need for reasonable valuation. Other issues, such as closing stock valuation and natural justice principles, were briefly mentioned without detailed resolution. Case-Laws Income Tax Wed, 05 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416778