https://www.taxtmi.com/caselaws?id=330333 The court ruled in favor of the assessee, holding that the reference to the Departmental Valuation Officer (DVO) for valuation of construction cost was unwarranted as no defects were found in the books of accounts by the Assessing Officer. The court emphasized that in cases where no such defects exist, references to the DVO are invalid. Consequently, the court quashed the decision of the ITAT and allowed the Tax Appeal in favor of the assessee. en-us Tue, 12 Jul 2016 00:00:00 +0530 Fri, 22 Jul 2016 14:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330333 The court ruled in favor of the assessee, holding that the reference to the Departmental Valuation Officer (DVO) for valuation of construction cost was unwarranted as no defects were found in the books of accounts by the Assessing Officer. The court emphasized that in cases where no such defects exist, references to the DVO are invalid. Consequently, the court quashed the decision of the ITAT and allowed the Tax Appeal in favor of the assessee. Case-Laws Income Tax Tue, 12 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330333