https://www.taxtmi.com/caselaws?id=471316 Expert valuation reports are persuasive, not binding, on the Assessing Officer or Tribunal. The Assessing Officer must independently form a holistic and balanced view of all material before accepting or rejecting an expert valuation. The Tribunal must likewise examine the valuation dispute independently and give reasons for accepting or rejecting the expert opinion. Acceptance of an expert valuation without recorded reasons cannot support deletion of a royalty addition; the valuation issue requires fresh consideration by the Tribunal. en-us Mon, 18 Mar 2024 00:00:00 +0530 Sat, 29 Aug 2026 13:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471316 Expert valuation reports are persuasive, not binding, on the Assessing Officer or Tribunal. The Assessing Officer must independently form a holistic and balanced view of all material before accepting or rejecting an expert valuation. The Tribunal must likewise examine the valuation dispute independently and give reasons for accepting or rejecting the expert opinion. Acceptance of an expert valuation without recorded reasons cannot support deletion of a royalty addition; the valuation issue requires fresh consideration by the Tribunal. Case-Laws Income Tax Mon, 18 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471316