https://www.taxtmi.com/caselaws?id=167436 The Tribunal allowed the Cross Objections of the assessee, emphasizing the necessity of rejecting books of account before referring to the Department Valuation Officer (DVO) for estimating the cost of construction. The revenue's appeals were dismissed as the DVO's report was deemed invalid without the rejection of the books of account. The decision upheld the importance of adhering to legal principles in income tax assessments to ensure accurate accounting practices. en-us Wed, 10 Aug 2011 00:00:00 +0530 Mon, 25 Apr 2016 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167436 The Tribunal allowed the Cross Objections of the assessee, emphasizing the necessity of rejecting books of account before referring to the Department Valuation Officer (DVO) for estimating the cost of construction. The revenue's appeals were dismissed as the DVO's report was deemed invalid without the rejection of the books of account. The decision upheld the importance of adhering to legal principles in income tax assessments to ensure accurate accounting practices. Case-Laws Income Tax Wed, 10 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167436