https://www.taxtmi.com/caselaws?id=203914 The Tribunal upheld the Commissioner of Income-tax (Appeals) order regarding the cost of constructions claimed by the assessee for two properties, dismissing the Revenue's appeal. The total cost claimed was Rs. 24.6 lakhs, but the Assessing Authority assessed income at Rs. 35,99,050, disallowing certain gifts and advance receipts. The Tribunal favored the valuation based on State PWD rates over the Departmental Valuer's valuation and upheld the disallowance of advance receipts. The appeal was dismissed as no substantial question of law was found, with the Tribunal deeming the approved valuer's valuation reasonable and not arbitrary. en-us Tue, 09 Jun 2009 00:00:00 +0530 Mon, 24 Dec 2012 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203914 The Tribunal upheld the Commissioner of Income-tax (Appeals) order regarding the cost of constructions claimed by the assessee for two properties, dismissing the Revenue's appeal. The total cost claimed was Rs. 24.6 lakhs, but the Assessing Authority assessed income at Rs. 35,99,050, disallowing certain gifts and advance receipts. The Tribunal favored the valuation based on State PWD rates over the Departmental Valuer's valuation and upheld the disallowance of advance receipts. The appeal was dismissed as no substantial question of law was found, with the Tribunal deeming the approved valuer's valuation reasonable and not arbitrary. Case-Laws Income Tax Tue, 09 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203914