https://www.taxtmi.com/caselaws?id=10876 The court held that the Assessing Officer had the jurisdiction under the Income-tax Act, 1961 to refer the cost of construction of a building to the Departmental Valuation Officer under section 142(2) of the Act. Despite the absence of a specific provision for such referrals outside capital gains tax, the court found the Assessing Officer's actions permissible for gathering information. Relying on precedents from various High Courts, the court ruled in favor of the Revenue, upholding the Assessing Officer's decision. The judgment favored the Revenue and directed the judgment copy to the Income-tax Appellate Tribunal, Cochin Bench. en-us Tue, 17 Jun 2003 00:00:00 +0530 Mon, 27 Jul 2009 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10876 The court held that the Assessing Officer had the jurisdiction under the Income-tax Act, 1961 to refer the cost of construction of a building to the Departmental Valuation Officer under section 142(2) of the Act. Despite the absence of a specific provision for such referrals outside capital gains tax, the court found the Assessing Officer's actions permissible for gathering information. Relying on precedents from various High Courts, the court ruled in favor of the Revenue, upholding the Assessing Officer's decision. The judgment favored the Revenue and directed the judgment copy to the Income-tax Appellate Tribunal, Cochin Bench. Case-Laws Income Tax Tue, 17 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10876