guidelines were replaced by SEBI guidelines
with effect from April 2010 and the replaced guidelines recommended
adoption of Discounted Cash Flow (DCF) method for valuation ... Assessee once again relied
on the valuation certificate issued by the Chartered Accountant as per CCI
Valuation guidelines, for justifying the price. Further
accepting the valuation of an
independent valuer in the absence of guidelines on
valuation for the purpose of determining the Arm's
Length Price ... learned
senior counsel has argued before us that as the guidelines for
valuation of equity shares issued by Controller of Capital Issues,
needs
that guideline values are indicative, not
conclusive:
Courts and Tribunals have consistently held that guideline values cannot
override actual market conditions or professional valuation when ... does not recognise or contemplate guideline
value. Therefore, guideline value cannot be adopted for the purpose of
valuation
crores but the
guideline value fixed by Stamp Valuation Authority was at Rs.3.50
crores, thereby difference of Rs.25 lakhs. The PCIT ... between the stamp value adopted by some valuation authority as
per guideline value and sale deed registered by assessee. The ld.AR
stated that
simpliciter valuation of stamp duty and simpliciter valuation done on the
-8- ITA No. 948/Chny/2024
basis of guideline value adopted on the basis ... simplicitor
- 12 - ITA No. 948/Chny/2024
valuation of stamp duty and simplicitor valuation done on the guideline
value adopted by the stamp valuation authority
furnished any information regarding the Stamp Duty Valuation/Guideline
Value fixed by the Stamp Valuation Authorities on the remaining five plots ... file of AO to verify the valuation fixed by
the Stamp Valuation Authorities/guideline value for the remaining
properties and compute the capital gains
dated 24.02.2011 from the Sub-Registrar, Adayar, Chennai to the
Valuation Officer the Guideline Value for land in Vikram Sarabhai Instronics
Estate in Kottivakkam Village ... assessee should be provided with one more
opportunity based on the guideline value, valuation report and
valuation under Wealth Tax Act and to consider
under:
"It is well settled that guideline value of the Registration Department
regarding valuation of the property has evidentiary value and they are only ... wherein the Court
has held that guideline value regarding valuation of property has
evidentiary value and they are only intended to give information or
instruction
downward revision made by
Registration Department of Land and Building Valuation and
guideline value was reduced from 3000 per square feet to 2010 per
square ... downward
vide guideline value from 2017 and the comparative details filed by
assessee's counsel reads as under:-
Guideline value Guideline value
prescribed by the Central PWD, which was the
basis of valuation made by the Valuation cell was not
warranted. It was accepted that for property ... CPWD plinth area rate is adopted (p.82 to 84 of
guidelines for valuation of immovable properties, 2009,
published by Dte. of Income Tax). However
