Ita/678/2009 Of Commissioner Of Income Tax, Kottayam v. Shri.sabu Varghese, M/S.mangalam

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM TUESDAY, THE 28TH JULY 2009 / 6TH SRAVANA 1931 ITA.No. 678 of 2009() --------------------- ITA.262/COCH/2002 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT ----------------------------- COMMISSIONR OF INCOME TAX,KOTTAYAM. BY ADV. SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): RESPONDENT ------------------------- SHRI.SABU VARGHESE,M/S.MANGALAM PUBLICATI0NS,KOTTAYAM. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 28/07/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: -------------------------------------------- -------------------------------------------- Dated this the 28th day of July, 2009 JUDGMENT Ramachandran Nair,J. The question raised pertains to assessment of unexplainedinvestment based on the value of construction of a house adopted bythe Income tax Officer at the rate applicable under the CPWD norms.Considering the local conditions Tribunal adopted the valuation underthe PWD norms and granted deduction of 50%. In any case we do notfind any question of law arising in this case to interfere with thevaluation refixed by the Tribunal. Consequently the appeal isdismissed. (C.N.RAMACHANDRAN NAIR)Judge. (C. K. ABDUL REHIM) Judge. kk