https://www.taxtmi.com/caselaws?id=423736 The appeal questioned the authority of relying on a registered valuer's estimated report without statutory provision, challenging the sustained estimated addition without corroborative evidence. Disputes arose over the admissibility of the DVO's valuation and rejection of objections, correctness of valuation methods, reduction of addition by CIT(A), and adequacy of opportunity given to the assessee. The appeal emphasized the necessity of restoring the matter to the Assessing Officer for a fair review, highlighting the importance of due process and comprehensive consideration of all relevant factors. en-us Fri, 03 Jun 2022 00:00:00 +0530 Tue, 14 Jun 2022 08:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423736 The appeal questioned the authority of relying on a registered valuer's estimated report without statutory provision, challenging the sustained estimated addition without corroborative evidence. Disputes arose over the admissibility of the DVO's valuation and rejection of objections, correctness of valuation methods, reduction of addition by CIT(A), and adequacy of opportunity given to the assessee. The appeal emphasized the necessity of restoring the matter to the Assessing Officer for a fair review, highlighting the importance of due process and comprehensive consideration of all relevant factors. Case-Laws Income Tax Fri, 03 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423736