https://www.taxtmi.com/caselaws?id=458586 The ITAT set aside the CIT(A)'s order, allowing the appeal for statistical purposes. It admitted a corrigendum to the original valuation report, which corrected an error in the valuation method under sec. 56(2)(viib) of the Income-tax Act, 1961. The ITAT directed the AO to reexamine the valuation, emphasizing accurate determination of Fair Market Value for tax liability assessment. en-us Tue, 13 Jul 2021 00:00:00 +0530 Thu, 07 Nov 2024 19:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458586 The ITAT set aside the CIT(A)'s order, allowing the appeal for statistical purposes. It admitted a corrigendum to the original valuation report, which corrected an error in the valuation method under sec. 56(2)(viib) of the Income-tax Act, 1961. The ITAT directed the AO to reexamine the valuation, emphasizing accurate determination of Fair Market Value for tax liability assessment. Case-Laws Income Tax Tue, 13 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458586