https://www.taxtmi.com/caselaws?id=418995 The appeals, arising from orders passed by CIT(A) for the assessment year 2015-16, were time-barred but condoned due to valid reasons provided. Discrepancies in the valuation report led to non-alignment of capital gain computation with DVO's values. The AO's failure to rectify the assessment as per DVO's report was impermissible. The court remitted the matter to the AO for accurate computation of capital gain based on DVO's report. Both appeals were allowed for statistical purposes, emphasizing the importance of aligning capital gain computation with DVO's values for fair assessments. en-us Wed, 23 Feb 2022 00:00:00 +0530 Tue, 01 Mar 2022 08:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418995 The appeals, arising from orders passed by CIT(A) for the assessment year 2015-16, were time-barred but condoned due to valid reasons provided. Discrepancies in the valuation report led to non-alignment of capital gain computation with DVO's values. The AO's failure to rectify the assessment as per DVO's report was impermissible. The court remitted the matter to the AO for accurate computation of capital gain based on DVO's report. Both appeals were allowed for statistical purposes, emphasizing the importance of aligning capital gain computation with DVO's values for fair assessments. Case-Laws Income Tax Wed, 23 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418995