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2011 (2) TMI 48 - AT - Income TaxValuation - whether the valuation as on 01.04.1981 determined by the Assessing Officer to be accepted or the valuation as per registered valuer’s second report has to be accepted - valuer is an expert of his field, therefore, his opinion cannot be substituted by the opinion of a non-technical person - The date of sale instance taken by the valuer was 02.05.80 and the same has been determined at Rs. 1000/- per sq. ft. by interpolation as on 01.04.1981 - as per the manual, the rate was Rs. 1280/- per sq. ft. in respect of the building with lift - valuation on the basis of average rate as Rs. 1150/- per sq. ft., cannot be disputed – Decided in favor of the assessee
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