https://www.taxtmi.com/caselaws?id=308037 The ITAT Kolkata allowed the appeal for statistical purposes, directing the AO to refer the case to the DVO for market value determination and decide after providing a fair opportunity to the assessee. The tribunal emphasized the importance of following proper procedures and providing opportunities for the assessee to substantiate claims in tax appeals, highlighting the necessity of referring valuation discrepancies to appropriate authorities and conducting assessments in accordance with legal principles for justice and fairness in tax matters. en-us Thu, 05 Jan 2023 00:00:00 +0530 Thu, 25 May 2023 09:10:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308037 The ITAT Kolkata allowed the appeal for statistical purposes, directing the AO to refer the case to the DVO for market value determination and decide after providing a fair opportunity to the assessee. The tribunal emphasized the importance of following proper procedures and providing opportunities for the assessee to substantiate claims in tax appeals, highlighting the necessity of referring valuation discrepancies to appropriate authorities and conducting assessments in accordance with legal principles for justice and fairness in tax matters. Case-Laws Income Tax Thu, 05 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308037