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2003 (6) TMI 8 - KERALA HIGH COURTWhether the Assessing Officer in the instant case had jurisdiction under the Act to refer the question of cost of construction of a building constructed by the assessee to the Departmental Valuation Officer. - According to us, section 142(2) of the Act enables the Assessing Officer to refer the question of cost of construction of a building for the limited purpose of gathering information regarding the cost of construction. It did not have any binding effect on the Assessing Officer. It only had the effect of information gathered in an enquiry. – As per sub-section (2) of 142, “For the purpose of obtaining full information in respect of the income or loss of any person, the Income-tax Officer may make such enquiry as he considers necessary." – Thus, Assessing Officer was well within his power to gather information regarding the cost of construction by making a reference to the Executive Engineer, Valuation Cell.
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