ACIT, CIRCLE - 50, KOLKATA, KOLKATA vs. KABITA DAS (SAHA), KOLKATA

In the result, the appeal of the Revenue is dismissed

Bench: Shri P.M. Jagtap & Shri S.S. Viswanethra Ravi

house. In the relevant assessment year, he had filed completed details of construction expenses along with the valuation report of a registered valuer. The Assessing Officer, however, referred the valuation of cost of construction to DVO, who valued the cost of property at a higher figure. Difference in cost of investment in property was added to the assessee's income