https://www.taxtmi.com/caselaws?id=795196 Section 55A requires the Assessing Officer to use the statutory valuation mechanism where a registered valuer's estimate of indexed cost of improvement is disputed as excessive or unsupported. Rejecting the estimate outright and treating the improvement cost as nil, without referring the valuation to the Departmental Valuation Officer, is inconsistent with that mechanism. The registered valuer's reported cost of improvement must therefore be allowed, and capital gains must be recomputed accordingly. en-us Thu, 25 Jun 2026 00:00:00 +0530 Sat, 18 Jul 2026 08:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795196 Section 55A requires the Assessing Officer to use the statutory valuation mechanism where a registered valuer's estimate of indexed cost of improvement is disputed as excessive or unsupported. Rejecting the estimate outright and treating the improvement cost as nil, without referring the valuation to the Departmental Valuation Officer, is inconsistent with that mechanism. The registered valuer's reported cost of improvement must therefore be allowed, and capital gains must be recomputed accordingly. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795196