Construction expense cannot be disallowed merely based on Inspector Report

ITO Vs Shri Deepak Chadha (ITAT Delhi)

Mere Doubting Expenditure On Construction Without Evidence On Sole Basis Of Inspector Report Is Invalid

In the present case the addition has been made by the ld AO on the basis of mere presumptions. The market value of the flat determined by the ld AO was without any evidence. The cost of construction is also determined by him at Rs. 1500/ sq ft without any evidence. He has not supported his order with any evidence of incurring expenditure by the assessee. He did not also take the expert opi

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