https://www.taxtmi.com/caselaws?id=443322 The appellant succeeded in their appeal as the Tribunal found the re-computation of long term capital gains, based on a lower property valuation, to be unsustainable due to inconsistencies in the methodology applied by the Valuation Officer. The Assessing Officer's decision to refer the matter to the Valuation Officer without adequate justification was also criticized. The appeal was allowed, highlighting violations of natural justice principles by the Assessing Officer and discrepancies in the valuation reports. en-us Thu, 03 Aug 2023 00:00:00 +0530 Thu, 21 Sep 2023 07:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443322 The appellant succeeded in their appeal as the Tribunal found the re-computation of long term capital gains, based on a lower property valuation, to be unsustainable due to inconsistencies in the methodology applied by the Valuation Officer. The Assessing Officer's decision to refer the matter to the Valuation Officer without adequate justification was also criticized. The appeal was allowed, highlighting violations of natural justice principles by the Assessing Officer and discrepancies in the valuation reports. Case-Laws Income Tax Thu, 03 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443322