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2021 (7) TMI 941 - ITAT HYDERABADDifference between the department's valuation cell as against the books of accounts maintained at the taxpayer's behest - HELD THAT:- Case file prima facie suggests that neither the valuation cell nor the learned lower authorities have taken into consideration the alleged difference between the state and CPWDs rates as well as assessee's self-supervision and cost of raw material at the relevant point of time. And also it has come on record from a perusal of the municipal construction permissions as well as house tax assessment proceedings that the impugned construction had not been completed in the impugned AY. 2003-04 prima facie. Therefore deem it appropriate in these peculiar facts and circumstances that a lumpsum addition of ₹ 3.5 lakhs only than that in issue amounting to ₹ 16,09,048/- would meet the ends of justice with a rider that the same shall not be taken as a precedent. The assessee gets relief of ₹ 12,59,048/- in other terms.
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