https://www.taxtmi.com/caselaws?id=216779 The court ruled in favor of the assessee regarding the determination of the cost of construction, stating that the Assessing Authority should have relied on the Departmental Valuer's report rather than unreliable diary entries. However, the court ruled against the assessees concerning the acceptance of gifts from foreign donors, finding that they failed to prove the genuineness of the gifts. As a result, both appeals were dismissed, and all issues were decided in favor of the revenue. en-us Thu, 13 Sep 2012 00:00:00 +0530 Fri, 21 Sep 2012 23:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216779 The court ruled in favor of the assessee regarding the determination of the cost of construction, stating that the Assessing Authority should have relied on the Departmental Valuer's report rather than unreliable diary entries. However, the court ruled against the assessees concerning the acceptance of gifts from foreign donors, finding that they failed to prove the genuineness of the gifts. As a result, both appeals were dismissed, and all issues were decided in favor of the revenue. Case-Laws Income Tax Thu, 13 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216779