Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
Even on the facts, it is noticed that the D.V.O has estimated the cost of construction at Rs.. 29,06,032/- as against the cost of construction recorded by the assessee of Rs.26,29,160/-. The variation is amount of Rs. 2,76,863/,- which is less than 10% margin, which could normally be granted to the assessee towards self supervision. In the circumstances, the addition as confirmed by the learned Commissioner of Income-tax (Appeals) on this issue stands deleted. In the circumstances, the cross objection of the assessee stands allowed
Citation :
I.T.O Ward 4, Bankura (APPELLANT) -Versus-. Pranab Prakash Dutta PAN: AHAPD 1441R (RESPONDENT)
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