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TMI Blog1990 (1) TMI 128X X X X Extracts X X X X X X X X Extracts X X X X ..... ecember, 1982. In the assessment year 1981-82, the total investment upto 31st March, 1981, was estimated by the WTO at Rs. 2,50,000 as against Rs. 1,64,605. this finding of the AAC was mainly based upon the argument advanced on behalf of the assessee that the total investment in the construction of the property had to be considered in the year in which the construction was completed and the invest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, that is to say he took the entire period of construction and the cost of the building estimated by the Departmental Valuer and found out as to how the total investment in the building upto 31st March, 1982 was of Rs. 3,84,565 whereas, according to the assessee, it was of Rs. 2,35,000. the stand of the assessee found favour with the AAC. Hence, this appeal by the Department. 2. Contention of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on made till that date is know. Such date is not available in this case, and, therefore, the actual amount amount of investment in the construction of the entire property can be found out only when the construction is complete. Under such circumstances, there is no alternative but to accept the version of the assessee that the total investment upto 31st March, 1982, was of Rs. 2,35,000 only. The i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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