1982 (6) TMI 110

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..... dt. 6th Jan., 1976. The approved valuer valued the cost of construction at Rs. 94,080. When the matter came up before the ITO the Govt. valuer valued the cost of construction at Rs. 1,05,400. The ITO therefore made an addition of Rs. 10,400 which was confirmed by the AAC. 2. It is contended before me that the report of the registered valuer which was closer to the point of construction should ha .....

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..... struction period. Apart from that, according to the Board's circular, the Board does not desire smaller assessee to be harassed unnecessarily. As I find on facts that the addition was not justified I see no reason to sustain the addition. In doing so, I have taken note of the Board's circular which has humanized the provisions for the valuation purposes. 5. In the result, the appeal is allowed.< .....

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