TMI Blog2003 (5) TMI 31X X X X Extracts X X X X X X X X Extracts X X X X ..... - The findings of the Tribunal are pure findings of fact and suffer from no legal or factual infirmity. We, therefore, find no merit in this appeal and accordingly dismiss the same. - - - - - Dated:- 16-5-2003 - Judge(s) : N. K. SUD., G. S. SINGHVI. JUDGMENT The judgment of the court was delivered by N.K. SUD J.-This is a Revenue's appeal under section 260A of the Income-tax Act, 1961 (for short "the Act"), against order dated May 23, 2002, of the Income-tax Appellate Tribunal, Chandigarh Bench (for short "the Tribunal"). The order of the Tribunal relates to four assessment years, viz., 1988-89 to 1991-92, involving a common question about the investment in the construction of a commercial complex in the four years. The present a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4,54,096 2,30,300 2,23,796 1990-91 1,80,371 91,532 88,839 1991-92 1,85,898 94,280 91,619 ------------------------------------------------------------------------------------------- The assessee, on the other hand, filed a copy of a registered valuer's report. It was pointed out that previously there was an old building on the site which was demolished and old bricks and mortar, etc., retrieved therefrom were used for the construction of the new building. It was further pointed out that two walls of the old building had also been retained. Further copies of, bills and vouchers qua ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... circumstances preferred the report of the registered valuer, which supported the cost of construction as declared' by the assessee. We have heard counsel for the appellant and have perused the order of the Tribunal and are satisfied that no substantial question of law arises out of the order of the Tribunal. The Tribunal has appraised the evidence on record and has given reasons for rejecting the estimate of the cost of construction made by the Assessing Officer and for accepting the report of the registered valuer. It is apparent that even the Assessing Officer has not accepted the estimate of the District Valuation Officer. The findings of the Tribunal are pure findings of fact and suffer from no legal or factual infirmity. We, therefor ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
