https://www.taxtmi.com/caselaws?id=430866 The Appellate Tribunal upheld the CIT(A)'s decision in favor of the assessee in a case concerning the validity of a valuation report submitted by the DVO under section 142A(6) of the Income Tax Act. The Tribunal deemed the delayed report non-est in the eyes of the law, as it exceeded the prescribed time limit. Consequently, the Tribunal dismissed the revenue's appeal, emphasizing compliance with legal provisions and the absence of a stay on its order. en-us Fri, 28 Oct 2022 00:00:00 +0530 Tue, 29 Nov 2022 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430866 The Appellate Tribunal upheld the CIT(A)'s decision in favor of the assessee in a case concerning the validity of a valuation report submitted by the DVO under section 142A(6) of the Income Tax Act. The Tribunal deemed the delayed report non-est in the eyes of the law, as it exceeded the prescribed time limit. Consequently, the Tribunal dismissed the revenue's appeal, emphasizing compliance with legal provisions and the absence of a stay on its order. Case-Laws Income Tax Fri, 28 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430866