petitioner in all exams, submitted that the double valuation guidelines of the 1st
respondent were applicable only to the University examinations of 2021-2022
batch ... valuation method adopted by the 3rd respondent could not be
faulted.
9. The core issue that arises for consideration is whether the valuation
guidelines issued
since the same has been done by AO by following the
valuation guidelines of SEBI for Mutual Funds and the Assets Management
Companies and Unit ... applying illiquidity discount of 15%, the A.O relied on the
valuation guidelines of SEBI for Mutual Funds and the Assets Management
Companies and Unit
since the same has been done by AO by following the
valuation guidelines of SEBI for Mutual Funds and the Assets Management
Companies and Unit ... applying illiquidity discount of 15%, the A.O relied on the
valuation guidelines of SEBI for Mutual Funds and the Assets Management
Companies and Unit
them for the purpose of verifying the market
value.
Explanation : The "Guidelines Register" supplied to the
officers is intended merely to assist them ... gather information from other sources, including official
or public record. Valuation guidelines, prepared by the
revenue officials periodically, are intended with an
avowed object
value.
30. There is some confusion as to
whether such basic rates/guideline
value/minimum registration value
rates could form the basis for
determining ... fixed on the basis of the
rates mentioned in the basic
valuation registers maintained for
the purpose of detection of
Signature Not Verified
Signed
value.
30. There is some confusion as to
whether such basic rates/guideline
value/minimum registration value
rates could form the basis for
determining ... fixed on the basis of the
rates mentioned in the basic
valuation registers maintained for
the purpose of detection of
Signature Not Verified
Signed
value.
30. There is some confusion as to
whether such basic rates/guideline
value/minimum registration value
rates could form the basis for
determining ... fixed on the basis of the
rates mentioned in the basic
valuation registers maintained for
the purpose of detection of
undervaluation and collection of
proper
value.
30. There is some confusion as to
whether such basic rates/guideline
value/minimum registration value
rates could form the basis for
determining ... fixed on the basis of the
rates mentioned in the basic
valuation registers maintained for
the purpose of detection of
Signature Not Verified
Signed
actual market
value of property. The authorities cannot regard the guideline
valuation as the last word on the subject of market value. ...
* * *
24. This scheme ... market value contained in non-statutory basic valuation registers, the
position may be different, where the guideline market values are
determined by Expert Committees constituted
actual market
value of property. The authorities cannot regard the guideline
valuation as the last word on the subject of market value. ...
* * *
24. This scheme ... market value contained in non-statutory basic valuation registers, the
position may be different, where the guideline market values are
determined by Expert Committees constituted
