Madras HC Directs Valuation Report Consideration for Tax Assessment Rectification

Sathyamurthy Giridaran Vs Assessment Unit (Madras High Court) In the case of Sathyamurthy Giridaran vs. Assessment Unit, the Madras High Court addressed a writ petition challenging an assessment order dated 18.03.2024. The petitioner contested a variation confirmed in the assessment concerning the disparity between the sale consideration for an immovable property and the guideline value, as specified in the relevant conveyance deed. The impugned assessment order was issued after reopening the assessment for the petitioner’s assessment year 2015-2016. Learned senior counsel for the petiti...