Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (2) TMI 267 - ITAT AHMEDABADAddition u/s 69B - Held that:- The assessee has submitted year wise details of cost of construction before AO - The books of accounts of the appellant have been produced before the AO during the course of assessment proceedings - The assessee has not hired any architect and constructed building on self supervision basis - DVO has granted deduction of self supervision charges of 5% of the cost of construction - Appellant has carried out construction activity in four assessment years, the DVO has taken CPWD rates, there is no defect in the books of accounts of the appellant and the expenses are supported by proper vouchers and bills - Further reduction of 10% of the valuation arrived by DVO is to be granted - The order of CIT(A) upheld - Decided against Revenue.
|