2003 (7) TMI 4 - SC - Income Tax

Whether, on the facts and in the circumstances of the case, the Tribunal erred in law by holding that the Assessing Officer cannot refer the matter to the Valuation Cell for estimating the cost of construction of the house property - High Court incorrectly answered the question referred to it in the affirmative - tribunal rightly allowed the assessee's appeal holding that AO could not have referred the question of the cost of construction of the assessee's house to the Valuation Officer