https://www.taxtmi.com/caselaws?id=795196 Section 55A requires the Assessing Officer to use the prescribed valuation mechanism where a registered valuer's estimate of indexed cost of improvement is disputed as excessive or unsupported. The notes state that the Assessing Officer could not reject the report outright and treat the improvement cost as nil without referring the valuation to the Departmental Valuation Officer. The registered valuer's reported cost of improvement must therefore be allowed, and capital gains 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 prescribed valuation mechanism where a registered valuer's estimate of indexed cost of improvement is disputed as excessive or unsupported. The notes state that the Assessing Officer could not reject the report outright and treat the improvement cost as nil without referring the valuation to the Departmental Valuation Officer. The registered valuer's reported cost of improvement must therefore be allowed, and capital gains recomputed accordingly. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795196