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2010 (3) TMI 754 - HC - Income TaxReference to valuation cell - Agricultural income - Estimation of cost of construction - Tribunal has not examined the matter in its entirety and was not justified in holding that the deduction of 35% was allowable from the value estimated by the DVO on the cost of construction - The facts relating to this assessee Shri Jagdish Dudi, as being the co-owner of the building in question and being the engineering graduate and self-supervisor of the construction, have already been discussed here in before - In relation to this assessee too, for the same reasons as considered in detail qua the other assessee Shri Suresh Dudi, the Tribunal allowed 35% reduction on the cost of construction of the same building as estimated by the DVO and put the agriculture expenses at 29% - Appeal is disposed of
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