P.R. METRANI vs. COMMNR. OF INCOME TAX, BANGALORE
Appeals are allowed
C.A. No.-005673-005675 - 2002Supreme Court15 Nov 2006
For Respondent: Commissioner of Income Tax, Bangalore
Section 132Section 132(5)Section 139(2)Section 143(2)Section 69C
83,000/-. The assessing authority however did not accept
the valuation made by the Valuation Officer and held that the
total investment on the building was Rs. 6,45,809/-. A source
to the extent of Rs. 1,21,627/- was accepted. The balance was
rounded off to Rs. 5,24,200/-. Half of this was added to the
assessment
