https://www.taxtmi.com/caselaws?id=13690 The High Court upheld the ITAT decision, allowing a 20% deduction from the cost of construction estimated by the Department Valuation Officer for the relevant assessment year. The Court emphasized the factual nature of determining construction costs and dismissed the appeal by Revenue, stating no substantial question of law arose. Additionally, the Court criticized the Assessing Officer for making a joint assessment order for multiple assessment years, highlighting that each year's assessment should be separate and not overlap. en-us Thu, 24 Mar 2005 00:00:00 +0530 Wed, 01 Jul 2009 16:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13690 The High Court upheld the ITAT decision, allowing a 20% deduction from the cost of construction estimated by the Department Valuation Officer for the relevant assessment year. The Court emphasized the factual nature of determining construction costs and dismissed the appeal by Revenue, stating no substantial question of law arose. Additionally, the Court criticized the Assessing Officer for making a joint assessment order for multiple assessment years, highlighting that each year's assessment should be separate and not overlap. Case-Laws Income Tax Thu, 24 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13690