https://www.taxtmi.com/caselaws?id=250107 The High Court found that the Valuation Officer's use of CPWD rates was erroneous as they were not suitable for locations like Virudhunagar. The Court remanded the matter back to the Assessing Officer to apply PWD rates for accurate valuation. Additionally, the Court ruled that the referral to the Valuation Officer was justified due to incomplete accounts and lack of supporting materials, directing the Assessing Officer to reevaluate the deemed income under Section 69B based on the correct valuation method using PWD rates. en-us Wed, 03 Oct 2012 00:00:00 +0530 Sat, 02 Aug 2014 21:02:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250107 The High Court found that the Valuation Officer's use of CPWD rates was erroneous as they were not suitable for locations like Virudhunagar. The Court remanded the matter back to the Assessing Officer to apply PWD rates for accurate valuation. Additionally, the Court ruled that the referral to the Valuation Officer was justified due to incomplete accounts and lack of supporting materials, directing the Assessing Officer to reevaluate the deemed income under Section 69B based on the correct valuation method using PWD rates. Case-Laws Income Tax Wed, 03 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250107