https://www.taxtmi.com/caselaws?id=58757 An appellate authority may reject a departmental valuation report where it rests on inconsistent assumptions and does not address defects noted in earlier appellate findings or other valuation material. On the available evidence, the appellate valuation of seven land plots at Rs. 8.74 lakhs as on 31 March 1976 was treated as reasonable, particularly in view of rising real estate values. The rejection of the Revenue's valuation report and adoption of the assessee-favourable valuation were upheld. en-us Tue, 17 Jul 1984 00:00:00 +0530 Tue, 21 Dec 2010 18:12:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58757 An appellate authority may reject a departmental valuation report where it rests on inconsistent assumptions and does not address defects noted in earlier appellate findings or other valuation material. On the available evidence, the appellate valuation of seven land plots at Rs. 8.74 lakhs as on 31 March 1976 was treated as reasonable, particularly in view of rising real estate values. The rejection of the Revenue's valuation report and adoption of the assessee-favourable valuation were upheld. Case-Laws Wealth-tax Tue, 17 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58757