https://www.taxtmi.com/caselaws?id=779507 ITAT Delhi (AT) dismissed the revenue's appeal, holding that once the assessee selected an approved valuation method under Rule 11UA/Section 56(2)(viib) (DFCF based on a registered valuer), the AO could not substitute a different approved method (NAV). The Tribunal agreed with the CIT(A) that valuation is a technical exercise and the AO erred in rejecting the valuer's DFCF report and comparing projections with actuals. The AO's recomputation using NAV was set aside and the appeal by revenue was dismissed. en-us Fri, 26 Sep 2025 00:00:00 +0530 Tue, 07 Oct 2025 08:30:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779507 ITAT Delhi (AT) dismissed the revenue's appeal, holding that once the assessee selected an approved valuation method under Rule 11UA/Section 56(2)(viib) (DFCF based on a registered valuer), the AO could not substitute a different approved method (NAV). The Tribunal agreed with the CIT(A) that valuation is a technical exercise and the AO erred in rejecting the valuer's DFCF report and comparing projections with actuals. The AO's recomputation using NAV was set aside and the appeal by revenue was dismissed. Case-Laws Income Tax Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779507