In the result, appeal of the assessee stands allowed
Bench: Shri Rajesh Kumar, Am& Shri Pradip Kumar Choubey, Jm]
142A of the Act. The DVO submitted the report on 26.07.2022 valuing the property at lesser value as compared to the cost of construction declared by the assessee. For the sake of ready reference, we extract below the money spent year wise by the assessee and assessed by the DVO: AY Value reported in Books (In Value assessed