https://www.taxtmi.com/caselaws?id=776844 ITAT remanded the matter to the AO for fresh verification of the valuation report using the DCF method, finding the AO had relied on book value and the CIT(A)'s findings were unilateral without giving the assessee an opportunity to controvert. The AO is directed to record objective satisfaction on acceptability of the valuation and to afford the assessee adequate opportunity to substantiate its case before adjudicating. All grounds raised by the assessee were allowed for statistical purposes. en-us Tue, 04 Mar 2025 00:00:00 +0530 Wed, 20 Aug 2025 08:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776844 ITAT remanded the matter to the AO for fresh verification of the valuation report using the DCF method, finding the AO had relied on book value and the CIT(A)'s findings were unilateral without giving the assessee an opportunity to controvert. The AO is directed to record objective satisfaction on acceptability of the valuation and to afford the assessee adequate opportunity to substantiate its case before adjudicating. All grounds raised by the assessee were allowed for statistical purposes. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776844