In absence of any evidence to contradict Value in valuation report of registered valuer is to be taken as fair market value as on 01.04.1981

Brief of the case

In the case of Shri Barjinder Singh Bhatti vs. ITO ITAT has held that in absence of not having any evidence or material before him to contradict the report of the Registered Valuer, AO cannot reject valuation report of Registered Valuer.

Facts of the case

1. During the year under consideration, the assessee had sold some lands at village Barnala Kalan on different dates and worked out capit

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