https://www.taxtmi.com/caselaws?id=213265 The Court ruled against the Revenue, upholding the Tribunal's decisions to delete the additions based on the invalid reference to the DVO for construction cost estimates and interest disallowance for machinery not utilized during the relevant year. The Court found that the Assessing Officer was unjustified in referring the case to the DVO as the construction was incomplete, and that there was no specific provision for such reference during that assessment year. The Court also noted a Supreme Court judgment favoring the assessee on the interest disallowance issue. en-us Wed, 07 Jul 2010 00:00:00 +0530 Wed, 16 May 2012 19:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213265 The Court ruled against the Revenue, upholding the Tribunal's decisions to delete the additions based on the invalid reference to the DVO for construction cost estimates and interest disallowance for machinery not utilized during the relevant year. The Court found that the Assessing Officer was unjustified in referring the case to the DVO as the construction was incomplete, and that there was no specific provision for such reference during that assessment year. The Court also noted a Supreme Court judgment favoring the assessee on the interest disallowance issue. Case-Laws Income Tax Wed, 07 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213265