https://www.taxtmi.com/caselaws?id=67241 A dispute over unexplained investment in house construction turned on whether a Departmental Valuation Officer's report could be used when no assessment proceedings were pending. The Tribunal noted that a valuation commission may fall within technical or expert inquiry powers, but held that the commission here was not validly issued in the absence of pending proceedings, so the DVO's report could not be used against the assessee. It then relied on the approved valuer's estimate of construction cost and recomputed the unexplained investment accordingly, reducing the addition to Rs. 46,317. en-us Thu, 26 Feb 1998 00:00:00 +0530 Wed, 09 Mar 2011 17:00:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67241 A dispute over unexplained investment in house construction turned on whether a Departmental Valuation Officer's report could be used when no assessment proceedings were pending. The Tribunal noted that a valuation commission may fall within technical or expert inquiry powers, but held that the commission here was not validly issued in the absence of pending proceedings, so the DVO's report could not be used against the assessee. It then relied on the approved valuer's estimate of construction cost and recomputed the unexplained investment accordingly, reducing the addition to Rs. 46,317. Case-Laws Income Tax Thu, 26 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67241