Thursday, October 4, 2018

ITAT rejected valuation of property done by approved valuer without considering infrastructure facilities

IT: Where factors such as location of property, potential development in near future, availability and accessibility to infrastructure facility such as road, airport, educational institutions, etc. were not properly considered either by Approved Valuer or by Departmental Valuation Officer, while valuing property sold by assessee under section 50C, such valuations made by them were to be rejected

from www.taxmann.com Latest Case Laws https://ift.tt/2xYBdUV

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