levy any penalty;
(viii) Though the Guidelines for Valuation of Immovable Properties,
2009 of the Directorate of Income Tax are also filed but no
reliance ... Sengotavelu Vs. District Collector, Namakkal AIR 2004
Madras 233 holding the guidelines for valuation as maintained
in that State to be not statutory.
( xi) Sarvahitkarini
best mechanically determine the valuation
of the instrument, but, whenever the dispute arises, the exact
market valuation, ought to be arrived at, by the Collector ... 2019 Page 12 of 21
property. The authorities cannot regard the guideline
valuation as the last word on the subject of market value.
This position
levy any penalty;
(viii) Though the Guidelines for Valuation of Immovable Properties,
2009 of the Directorate of Income Tax are also filed but no
reliance ... Sengotavelu Vs. District Collector, Namakkal AIR 2004
Madras 233 holding the guidelines for valuation as maintained
in that State to be not statutory.
( xi) Sarvahitkarini
crores and thus the valuation was
perverse and against the guidelines for valuation. According to learned
counsel, the circle rates ought to have been accepted ... appellant has relied on "Guidelines for Valuation of
Immovable Properties 2009" ("Guidelines") issued by the Directorate of
Income
following lines :
(a) That the valuation of the closing stock could not depend only not the guidelines issued by the Institute of Chartered Accountants ... better accounting treatment is to include it in the valuation of inventories."
These guidelines came to be revised in 1988 "consequent
Finance dated 30.7.1990 and since the said valuation has been made according to the guidelines prescribed by the Central Government, the said valuation should ... valuation was conducted by a recognised firm of Chartered Accountants of repute who have sated that while making the valuation they have followed the guidelines
legislature in the instant case has laid down sufficient guidelines and left implementation of the guidelines to the rule making authority and as such, such ... controlled through such policy and guidelines.
21. In the framework of the aforesaid policy and the guidelines of valuation, elaborate Rules have been framed
committee for laying down proper guidelines to enable speedy disposal of cases in which question relating to the valuation of immovable properties ... arose for decision. The committee submitted its report drawing up guidelines for the valuation of residential properties. Pursuant thereto, rule 1BB came to be introduced
date when this Court in GVK Power (Supra) laid down guidelines
for valuation of compensation after construing Section
committee for laying down proper guidelines to enable speedy disposal of cases in which questions relating to the valuation of immoveable properties ... aforesaid for decision. The committee submitted its import drawing up guidelines for the valuation of residential properties. Pursuant thereto, rule Ibb came to be introduced
