https://www.taxtmi.com/caselaws?id=208078 The Tribunal upheld the CIT(A)'s decision to delete the addition of undisclosed investment in house construction, supporting the initial valuation by the approved valuer over the Departmental valuer's report. The Tribunal found that the CIT(A) acted within legal obligations in resolving disputes over construction costs and had the authority to refer the matter to an independent valuer. The Tribunal dismissed the Revenue's appeals, emphasizing the CIT(A)'s powers to correct assessments and the absence of unreasonable actions by the independent valuer, ultimately upholding the decision to delete the addition and dismissing both appeals. en-us Wed, 02 Jun 2010 00:00:00 +0530 Wed, 04 Jan 2012 08:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208078 The Tribunal upheld the CIT(A)'s decision to delete the addition of undisclosed investment in house construction, supporting the initial valuation by the approved valuer over the Departmental valuer's report. The Tribunal found that the CIT(A) acted within legal obligations in resolving disputes over construction costs and had the authority to refer the matter to an independent valuer. The Tribunal dismissed the Revenue's appeals, emphasizing the CIT(A)'s powers to correct assessments and the absence of unreasonable actions by the independent valuer, ultimately upholding the decision to delete the addition and dismissing both appeals. Case-Laws Income Tax Wed, 02 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208078