Determination of cost of construction - Valuation adopted in ...

Income Tax

October 18, 2022

Determination of cost of construction - Valuation adopted in respect of the construction of a property at Noida UP. - the state PWD rates should be adopted for computing the fair market value of the property situated in different states. Therefore, respectfully following binding precedents, we hereby direct AO to adopt PWD rates as prevalent at that point in time for ascertaining the correct and true figure of investment made by the assessee. - AT

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Determination of cost of construction - Valuation adopted in ...

Income Tax

October 18, 2022

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