https://www.taxtmi.com/caselaws?id=66801 The Tribunal concluded that the Assessing Officer lacked valid grounds to reject the cost of construction as per the books of account and rely on a valuation report. Consequently, the impugned addition made under Section 69 of the IT Act for unexplained investment in construction for the assessment years was deleted. The appeals by the assessee were allowed, while the Revenue's appeals were dismissed. en-us Fri, 17 Jan 1997 00:00:00 +0530 Mon, 07 Mar 2011 14:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66801 The Tribunal concluded that the Assessing Officer lacked valid grounds to reject the cost of construction as per the books of account and rely on a valuation report. Consequently, the impugned addition made under Section 69 of the IT Act for unexplained investment in construction for the assessment years was deleted. The appeals by the assessee were allowed, while the Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 17 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66801