Revenue Authorities' Rejection of Valuer's FMV Report on Land Sale u/s 55(2)(b) Deemed Unjustifiable and Arbitrary.

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....Calculation of the fair market value (FMV) for the land sold by the assessee u/s.55(2)(b) - the rejection by the Revenue Authorities of the registered valuer’s report submitted by the assessee is not justifiable, rather, arbitrary, un-judicious, such action is required to be discarded.....