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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Addition of undisclosed investment - the valuation done by the ...


DVO's Valuation Overruled: Excessive Use of CPWD Rates, Ignored Self-Supervision Deduction, Unjustified Construction Period.

May 5, 2017

Case Laws     Income Tax     AT

Addition of undisclosed investment - the valuation done by the DVO by adopting the CPWD rate instead of State PWD rates and not allowing 10% for self supervision is held as excessive. Further the period of construction adopted by the DVO was also not justified - AT

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