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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Additions u/s 69B - When the details regarding the cost of ...


High Court mandates use of local PWD rates for construction cost u/s 69B, rejecting distant city rates.

August 2, 2014

Case Laws     Income Tax     HC

Additions u/s 69B - When the details regarding the cost of construction at PWD rates for Virudhunagar District is applicable, there is no reason for the Valuation Officer to adopt the rate, which is prevalent at distant places and metropolitan cities like Delhi - HC

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