https://www.taxtmi.com/caselaws?id=122836 Delay in filing an income-tax appeal may be condoned where the explanation is credible, supported by material such as a police complaint, and shows sufficient cause despite the length of delay. A valuation reference made by an income-tax authority without pending assessment proceedings and without proper jurisdiction is invalid, and an assessment founded on that unauthorised reference cannot stand. The text also notes that the valuation adopted on merits was excessive because of inappropriate rate application and inadequate allowance for the assessee's own construction facilities and execution advantages, leading to deletion of the valuation-based additions. en-us Fri, 27 Mar 2009 00:00:00 +0530 Mon, 23 Oct 2023 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122836 Delay in filing an income-tax appeal may be condoned where the explanation is credible, supported by material such as a police complaint, and shows sufficient cause despite the length of delay. A valuation reference made by an income-tax authority without pending assessment proceedings and without proper jurisdiction is invalid, and an assessment founded on that unauthorised reference cannot stand. The text also notes that the valuation adopted on merits was excessive because of inappropriate rate application and inadequate allowance for the assessee's own construction facilities and execution advantages, leading to deletion of the valuation-based additions. Case-Laws Income Tax Fri, 27 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122836