https://www.taxtmi.com/caselaws?id=68284 A reference to a Valuation Officer for estimating construction cost is invalid where no assessment proceedings are pending and the books of account have not been specifically found defective or rejected. A valuation report obtained on such a reference cannot independently sustain an addition. The text also notes that defects in the report, including the use of an excessive plinth area and the preference for local PWD rates with spread of expenditure over the construction period, further undermined the addition. The operative effect is that an unsupported valuation-based addition will not stand. en-us Thu, 31 May 2007 00:00:00 +0530 Fri, 09 Feb 2024 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68284 A reference to a Valuation Officer for estimating construction cost is invalid where no assessment proceedings are pending and the books of account have not been specifically found defective or rejected. A valuation report obtained on such a reference cannot independently sustain an addition. The text also notes that defects in the report, including the use of an excessive plinth area and the preference for local PWD rates with spread of expenditure over the construction period, further undermined the addition. The operative effect is that an unsupported valuation-based addition will not stand. Case-Laws Income Tax Thu, 31 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68284