https://www.taxtmi.com/caselaws?id=58576 The appeal was partly allowed, with the matter remanded to the Income Tax Officer (ITO) for redecision. The tribunal emphasized the importance of a consistent approach in evaluating trading rights and the necessity for proper substantiation of the valuation basis. The tribunal found that while the assessee was justified in evaluating its trading rights, it failed to provide sufficient evidence for the valuation. Consequently, the tribunal set aside the previous orders and directed a reevaluation by the ITO to ensure a coherent assessment. en-us Fri, 30 Nov 1984 00:00:00 +0530 Mon, 20 Dec 2010 16:56:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58576 The appeal was partly allowed, with the matter remanded to the Income Tax Officer (ITO) for redecision. The tribunal emphasized the importance of a consistent approach in evaluating trading rights and the necessity for proper substantiation of the valuation basis. The tribunal found that while the assessee was justified in evaluating its trading rights, it failed to provide sufficient evidence for the valuation. Consequently, the tribunal set aside the previous orders and directed a reevaluation by the ITO to ensure a coherent assessment. Case-Laws Income Tax Fri, 30 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58576