https://www.taxtmi.com/caselaws?id=785561 Addition for unexplained bank deposits was deleted because the amount had already been offered in the return of income, precluding double taxation and negating the addition. Addition for alleged unaccounted investment in construction of flats was deleted because the valuer produced market value rather than cost of construction; the valuation officer failed to apply per square foot construction costing or bifurcate material and labour as per accepted construction costing guidelines, and no contemporaneous investment in the year was established, so market value could not be treated as construction cost, resulting in deletion of the addition. en-us Wed, 21 Jan 2026 00:00:00 +0530 Tue, 27 Jan 2026 07:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785561 Addition for unexplained bank deposits was deleted because the amount had already been offered in the return of income, precluding double taxation and negating the addition. Addition for alleged unaccounted investment in construction of flats was deleted because the valuer produced market value rather than cost of construction; the valuation officer failed to apply per square foot construction costing or bifurcate material and labour as per accepted construction costing guidelines, and no contemporaneous investment in the year was established, so market value could not be treated as construction cost, resulting in deletion of the addition. Case-Laws Income Tax Wed, 21 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785561