https://www.taxtmi.com/caselaws?id=253632 The Court upheld the Tribunal's decision in the case, emphasizing that the Assessing Officer could not refer the matter to the Departmental Valuation Officer without rejecting the books of account. The Court dismissed the revenue's appeal, affirming the Tribunal's findings regarding the validity of the referral to the DVO and the assessment based on the approved valuer's report. Additionally, the Court highlighted the importance of adhering to Section 142A of the Income Tax Act in determining the cost of construction, ultimately dismissing the appeals based on the lack of substantial legal questions. en-us Mon, 14 Jul 2014 00:00:00 +0530 Mon, 02 Mar 2026 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253632 The Court upheld the Tribunal's decision in the case, emphasizing that the Assessing Officer could not refer the matter to the Departmental Valuation Officer without rejecting the books of account. The Court dismissed the revenue's appeal, affirming the Tribunal's findings regarding the validity of the referral to the DVO and the assessment based on the approved valuer's report. Additionally, the Court highlighted the importance of adhering to Section 142A of the Income Tax Act in determining the cost of construction, ultimately dismissing the appeals based on the lack of substantial legal questions. Case-Laws Income Tax Mon, 14 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253632