https://www.taxtmi.com/caselaws?id=23182 The High Court of Allahabad found no question of law requiring referral to the Tribunal under section 256(2) of the Income-tax Act, 1961. The case involved determining unexplained investment in constructing a building complex. The Tribunal accepted the valuation reports provided by the assessee, concluding no unexplained investment. Although the Tribunal's observation on the Valuation Officer's role was deemed legally incorrect, it did not affect the independent finding based on evidence. The petition was dismissed without costs. en-us Wed, 02 May 1990 00:00:00 +0530 Thu, 17 Dec 2009 12:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23182 The High Court of Allahabad found no question of law requiring referral to the Tribunal under section 256(2) of the Income-tax Act, 1961. The case involved determining unexplained investment in constructing a building complex. The Tribunal accepted the valuation reports provided by the assessee, concluding no unexplained investment. Although the Tribunal's observation on the Valuation Officer's role was deemed legally incorrect, it did not affect the independent finding based on evidence. The petition was dismissed without costs. Case-Laws Income Tax Wed, 02 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23182