https://www.taxtmi.com/caselaws?id=796615 Reliance on a District Valuation Officer's report following rejection of books of account is discussed in relation to the appropriate valuation benchmark. The Commissioner of Income Tax (Appeals) faulted the valuation method used by the District Valuation Officer, while not questioning the procedure of obtaining the valuation report. The text states that valuation should be based on State PWD rates rather than CPWD rates and records dismissal of the Special Leave Petition without interference with the High Court judgment. en-us Wed, 05 Aug 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796615 Reliance on a District Valuation Officer's report following rejection of books of account is discussed in relation to the appropriate valuation benchmark. The Commissioner of Income Tax (Appeals) faulted the valuation method used by the District Valuation Officer, while not questioning the procedure of obtaining the valuation report. The text states that valuation should be based on State PWD rates rather than CPWD rates and records dismissal of the Special Leave Petition without interference with the High Court judgment. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796615