1990 (1) TMI 128

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....d by him that it was completed in December, 1982. In the assessment year 1981-82, the total investment upto 31st March, 1981, was estimated by the WTO at Rs. 2,50,000 as against Rs. 1,64,605. this finding of the AAC was mainly based upon the argument advanced on behalf of the assessee that the total investment in the construction of the property had to be considered in the year in which the constr....

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....o 31st March, 1982 on pro-rata basis, that is to say he took the entire period of construction and the cost of the building estimated by the Departmental Valuer and found out as to how the total investment in the building upto 31st March, 1982 was of Rs. 3,84,565 whereas, according to the assessee, it was of Rs. 2,35,000. the stand of the assessee found favour with the AAC. Hence, this appeal by t....