2002 (12) TMI 202 - AT - Income Tax

Summary

The ITAT Chandigarh-B heard cross-appeals from the Revenue and the assessee regarding the construction cost of a nursing home. The AO made additions based on a Departmental valuation report without rejecting the assessee's books of account. The ITAT allowed the assessee's appeal and deleted the additions, dismissing the Revenue's appeal. The CIT(A) was criticized for not considering the assessment order properly.