https://www.taxtmi.com/caselaws?id=218449 The Tribunal ruled in favor of the assessee concerning the estimation of construction cost of a factory building for Assessment Year 2004-05. It found discrepancies in the valuation reports and the A.O.'s failure to reject the books of account before referring the matter to the Valuation Officer. The Tribunal emphasized the need for proper documentation and adherence to legal procedures, ultimately setting aside the CIT(A)'s order and allowing the assessee's appeal. en-us Fri, 21 Sep 2012 00:00:00 +0530 Wed, 17 Aug 2016 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218449 The Tribunal ruled in favor of the assessee concerning the estimation of construction cost of a factory building for Assessment Year 2004-05. It found discrepancies in the valuation reports and the A.O.'s failure to reject the books of account before referring the matter to the Valuation Officer. The Tribunal emphasized the need for proper documentation and adherence to legal procedures, ultimately setting aside the CIT(A)'s order and allowing the assessee's appeal. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218449