https://www.taxtmi.com/caselaws?id=787959 Rejection of books of account based on recorded inconsistencies in financial and documentary disclosures permits the Assessing Officer to refer construction valuation to the District Valuation Officer. The assessment may proceed on that valuation where the officer has documented why the books are unreliable for this purpose. Construction cost valuation was directed to use State PWD rates rather than CPWD rates, following the appellate authority's accepted modification of the valuation method. The resulting assessment and additions treated as escaped income remained sustained. en-us Thu, 12 Mar 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787959 Rejection of books of account based on recorded inconsistencies in financial and documentary disclosures permits the Assessing Officer to refer construction valuation to the District Valuation Officer. The assessment may proceed on that valuation where the officer has documented why the books are unreliable for this purpose. Construction cost valuation was directed to use State PWD rates rather than CPWD rates, following the appellate authority's accepted modification of the valuation method. The resulting assessment and additions treated as escaped income remained sustained. Case-Laws Income Tax Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787959