https://www.taxtmi.com/caselaws?id=186368 The Tribunal upheld the addition of &8377;20,000 for the assessment year 1976-77, dismissing the objection on the reference to the valuation cell. It ruled that the ITO can challenge valuers' reports and seek expert opinions without specific statutory provisions. PWD rates were deemed applicable for property valuation in Rajasthan, emphasizing natural justice. Unexplained investments were apportioned based on the assessee's investment ratios over three years. The case was remanded to the ITO for reassessment using PWD rates, with both appeals allowed for statistical purposes. en-us Thu, 31 May 1984 00:00:00 +0530 Thu, 15 Sep 2016 16:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186368 The Tribunal upheld the addition of &8377;20,000 for the assessment year 1976-77, dismissing the objection on the reference to the valuation cell. It ruled that the ITO can challenge valuers' reports and seek expert opinions without specific statutory provisions. PWD rates were deemed applicable for property valuation in Rajasthan, emphasizing natural justice. Unexplained investments were apportioned based on the assessee's investment ratios over three years. The case was remanded to the ITO for reassessment using PWD rates, with both appeals allowed for statistical purposes. Case-Laws Income Tax Thu, 31 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186368