AO’s power u/s. 142A to refer matter to valuation officer to estimate cost of construction

HIGH COURT OF KARNATAKA Commissioner of Income-tax v/s. M. Nagaraja IT APPEAL NOS. 1302 & 1304 OF 2006 AUGUST 13, 2012 JUDGMENT B. Manohar, J. These appeals are filed by the revenue being aggrieved by the order dated 21.04.2006 passed by the Income Tax Appellate Tribunal, Bangalore Bench-B in ITA Nos.719 and 793/Bang/2005 confirming the order passed by the Commissioner of Income Tax (Appeals) (CIT (Appeals) for short) dated 21-02-2005. 2. These appeals are admitted on the following substantial questions of law: ITA NO. 1302/2006 “Whether the Tribunal was right in hol...