https://www.taxtmi.com/caselaws?id=314102 The Tribunal upheld the levy of interest under section 234B, emphasizing its mandatory nature, dismissing the assessee's arguments regarding unforeseen tax liability. Regarding the property valuation under section 50C, the Tribunal confirmed that the AO correctly adopted the DVO's valuation, as it was lower than the Stamp Valuation Authority's figure, thereby affirming the CIT(A)'s order. en-us Fri, 13 Dec 2013 00:00:00 +0530 Fri, 17 May 2024 14:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314102 The Tribunal upheld the levy of interest under section 234B, emphasizing its mandatory nature, dismissing the assessee's arguments regarding unforeseen tax liability. Regarding the property valuation under section 50C, the Tribunal confirmed that the AO correctly adopted the DVO's valuation, as it was lower than the Stamp Valuation Authority's figure, thereby affirming the CIT(A)'s order. Case-Laws Income Tax Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314102