1990 (5) TMI 24

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..... der section 256(2) of the Income-tax Act, 1961. The question was whether there was any unexplained investment by the assessee in constructing a building complex. In that connection a question arose as to the cost of construction. The assessee filed two reports of two valuers in support of his contention. The Income-tax Officer called for a report from the Government valuer. There was a marked div .....

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..... accuracy. We, therefore, find no justification for the plea that the case should be sent back to the Inspecting Assistant Commissioner (Assessment) for examination of the accounts. If he chose not to do so he must have his own reason for the same and a second innings would be thoroughly unjustified." We agree with learned standing counsel that this part of the reasoning of the Tribunal may not b .....

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