TMI BlogEstimation of cost of extraction of ore - AO gravely erred in relying upon the valuation report...Estimation of cost of extraction of ore - AO gravely erred in relying upon the valuation report submitted by a Registered Valuer while assessing the income of the appellant, as such a report being invalid in law. Keeping in view the statutory provisions governing the filed, he should have sought a valuation by the District Valuation Officer and could have relied upon his report to assess the income of the appellant.- HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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