https://www.taxtmi.com/caselaws?id=66625 The Tribunal dismissed the revenue's appeals and allowed the assessee's appeals, directing the Assessing Officer to accept the cost of construction as determined by the Registered Valuer. The Tribunal held that the Executive Engineer was not competent to value the property and criticized the Valuation Officer's method of valuation. It clarified that unaccounted investment in construction should be assessed with reference to the financial year. The Commissioner (Appeals)'s deductions for personal supervision and variation in rates were upheld. en-us Thu, 29 Nov 2001 00:00:00 +0530 Sat, 05 Mar 2011 12:21:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66625 The Tribunal dismissed the revenue's appeals and allowed the assessee's appeals, directing the Assessing Officer to accept the cost of construction as determined by the Registered Valuer. The Tribunal held that the Executive Engineer was not competent to value the property and criticized the Valuation Officer's method of valuation. It clarified that unaccounted investment in construction should be assessed with reference to the financial year. The Commissioner (Appeals)'s deductions for personal supervision and variation in rates were upheld. Case-Laws Income Tax Thu, 29 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66625