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2002 (8) TMI 14 - HC - Income TaxCost of construction - "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was correct in applying Rajasthan PWD rates for working out the cost of construction of house property for income-tax purpose, instead of CPWD rates?" - What should be the value of the construction, is basically a question of fact and that depends upon the material used, the location and the quality of construction. Therefore, straightaway, applying the PWD rate or CPWD rate is not justified in case of each house. What should be the cost of construction, the Tribunal has applied the rate of PWD that is on the facts and circumstances of this case, which is part of the finding of fact No interference is called for.
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