https://www.taxtmi.com/caselaws?id=186535 The appeals were admitted for hearing despite being time-barred by 48 days, as the memorandum of appeals was filed within the statutory time. The addition made by the Assessing Officer based on the difference in the cost of construction shown by the assessee and the District Valuation Officer was deemed unjustified. The Tribunal held that the AO erred in making the addition solely based on the DVO's report without rejecting the assessee's books of account, leading to the deletion of the addition for each assessment year and allowing the appeals filed by the assessee. en-us Fri, 23 Jan 2004 00:00:00 +0530 Wed, 21 Sep 2016 18:44:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186535 The appeals were admitted for hearing despite being time-barred by 48 days, as the memorandum of appeals was filed within the statutory time. The addition made by the Assessing Officer based on the difference in the cost of construction shown by the assessee and the District Valuation Officer was deemed unjustified. The Tribunal held that the AO erred in making the addition solely based on the DVO's report without rejecting the assessee's books of account, leading to the deletion of the addition for each assessment year and allowing the appeals filed by the assessee. Case-Laws Income Tax Fri, 23 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186535