DVO applying CPWD rates instead of State PWD rates is untenable

Ecstasy Buildcon Pvt. Ltd. Vs DCIT (ITAT Delhi)

ITAT Delhi held that addition based on DVO report regarding construction of cost of property unsustainable as DVO applied CPWD rates, however, it is settled law that State PWD rate is better guiding factor for arriving at cost of construction of the property.

Facts-

AO made addition on account of addition of Rs.65,83,992/- u/s 69B of the Act being unexplained investment in construction of property at Noida(UP), u/s 68

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