https://www.taxtmi.com/caselaws?id=180234 The court partially allowed the Revenue's appeal by dismissing the trading addition of Rs. 5 lacs and partially upholding the addition on account of the cost of construction. The court upheld the deletion of the trading addition based on consistent accounting practices and lack of justification for the addition. Regarding the cost of construction, the court adjusted the estimated cost to Rs. 2.45 crores, recognizing discrepancies in the DVO's methodology and directing the AO to ascertain undisclosed investment proportionally to the construction cost during the year. en-us Fri, 30 Apr 2010 00:00:00 +0530 Fri, 18 Mar 2016 18:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180234 The court partially allowed the Revenue's appeal by dismissing the trading addition of Rs. 5 lacs and partially upholding the addition on account of the cost of construction. The court upheld the deletion of the trading addition based on consistent accounting practices and lack of justification for the addition. Regarding the cost of construction, the court adjusted the estimated cost to Rs. 2.45 crores, recognizing discrepancies in the DVO's methodology and directing the AO to ascertain undisclosed investment proportionally to the construction cost during the year. Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180234