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2003 (5) TMI 28 - KERALA HIGH COURTThe only question involved in this appeal is regarding the valuation of the hotel building constructed by the assessee, over a period of eight years from 1983 to 1991. - Tribunal has considered each and every piece of material furnished by the assessee including the objections to the valuation made by the departmental valuer and the cost of construction assessed by the Assessing Officer. – Tribunal reduced the cost of construction substantially, which came down to Rs. 55,21,733, resulting in sustaining an addition of Rs. 15,42,968. - The valuation of the hotel building constructed by the assessee, over a period of eight years from 1983 to 1991 was correctly made by Tribunal
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