https://www.taxtmi.com/caselaws?id=781841 ITAT Delhi allowed the assessee's appeal for statistical purposes, holding that the AO was not justified in rejecting the registered valuer's report for computing fair market value (FMV) of the property as on 1.4.1981 without making a reference to the DVO. Relying on earlier precedent, the Tribunal ruled that the AO's reduced rate for indexation and capital gains computation could not be sustained. Orders of the CIT(A) and AO were set aside, and the matter was remanded to the AO to recompute FMV based on the assessee's valuation report. en-us Fri, 07 Nov 2025 00:00:00 +0530 Fri, 21 Nov 2025 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781841 ITAT Delhi allowed the assessee's appeal for statistical purposes, holding that the AO was not justified in rejecting the registered valuer's report for computing fair market value (FMV) of the property as on 1.4.1981 without making a reference to the DVO. Relying on earlier precedent, the Tribunal ruled that the AO's reduced rate for indexation and capital gains computation could not be sustained. Orders of the CIT(A) and AO were set aside, and the matter was remanded to the AO to recompute FMV based on the assessee's valuation report. Case-Laws Income Tax Fri, 07 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781841