https://www.taxtmi.com/caselaws?id=214916 A valuation report under section 142A was treated as only an estimate, and an addition for unexplained investment in construction was deleted because the difference was marginal after credit for self-supervision and later expenditure, with no incriminating search material showing unaccounted construction cost. The assessee was also entitled to have seized cash, earlier requested to be adjusted, credited as advance tax for computing interest under sections 234B and 234C, and the Assessing Officer was directed to recompute interest accordingly. The matter under section 154 was therefore resolved in the assessee's favour on the tax-credit issue, while the construction-related addition did not survive. en-us Fri, 08 Jun 2012 00:00:00 +0530 Fri, 20 Jul 2012 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214916 A valuation report under section 142A was treated as only an estimate, and an addition for unexplained investment in construction was deleted because the difference was marginal after credit for self-supervision and later expenditure, with no incriminating search material showing unaccounted construction cost. The assessee was also entitled to have seized cash, earlier requested to be adjusted, credited as advance tax for computing interest under sections 234B and 234C, and the Assessing Officer was directed to recompute interest accordingly. The matter under section 154 was therefore resolved in the assessee's favour on the tax-credit issue, while the construction-related addition did not survive. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214916