https://www.taxtmi.com/caselaws?id=38038 The court dismissed the petition challenging a valuation report by the District Valuation Officer regarding the fair market value of a property. The court found the Officer's approach rational and in line with valuation principles, emphasizing the need for natural justice in such proceedings. Despite the petitioners' arguments, the court held that the valuation was not speculative and ruled in favor of the Officer. The petition was dismissed, and no costs were awarded. en-us Wed, 30 Aug 1978 00:00:00 +0530 Fri, 02 Apr 2010 16:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38038 The court dismissed the petition challenging a valuation report by the District Valuation Officer regarding the fair market value of a property. The court found the Officer's approach rational and in line with valuation principles, emphasizing the need for natural justice in such proceedings. Despite the petitioners' arguments, the court held that the valuation was not speculative and ruled in favor of the Officer. The petition was dismissed, and no costs were awarded. Case-Laws Wealth-tax Wed, 30 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38038