https://www.taxtmi.com/caselaws?id=14060 The High Court allowed the appeal, quashed the Tribunal's judgment, and restored the orders of the Assessing Officer and the first appellate court. The court clarified the authority of the Assessing Officer to refer matters to the Valuation Officer under the Income-tax Act and upheld the addition of unexplained investment in the construction of the building. This decision set a precedent for similar cases in the future, emphasizing the Assessing Officer's competence to call for a valuation report under specific provisions of the Act. en-us Thu, 21 Dec 2000 00:00:00 +0530 Mon, 13 Jul 2009 12:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14060 The High Court allowed the appeal, quashed the Tribunal's judgment, and restored the orders of the Assessing Officer and the first appellate court. The court clarified the authority of the Assessing Officer to refer matters to the Valuation Officer under the Income-tax Act and upheld the addition of unexplained investment in the construction of the building. This decision set a precedent for similar cases in the future, emphasizing the Assessing Officer's competence to call for a valuation report under specific provisions of the Act. Case-Laws Income Tax Thu, 21 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14060