https://www.taxtmi.com/caselaws?id=467467 Where multiple deeds arise from a single agreement for contiguous land, aggregate treatment of sales was applied and the Valuation Officer's estimated valuation-unsupported by comparable sales and without addressing the assessee's objections-was held within the recognised tolerance band; consequently the notional substitution of declared consideration was rejected and the additions under section 43CA totalling the stated amount were deleted. As a corollary, interest liability consequential on tax assessment was adjusted in favour of the assessee reflecting the reduced tax computation. en-us Tue, 04 Feb 2025 00:00:00 +0530 Wed, 18 Mar 2026 11:13:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467467 Where multiple deeds arise from a single agreement for contiguous land, aggregate treatment of sales was applied and the Valuation Officer's estimated valuation-unsupported by comparable sales and without addressing the assessee's objections-was held within the recognised tolerance band; consequently the notional substitution of declared consideration was rejected and the additions under section 43CA totalling the stated amount were deleted. As a corollary, interest liability consequential on tax assessment was adjusted in favour of the assessee reflecting the reduced tax computation. Case-Laws Income Tax Tue, 04 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467467