Dismissing the appeal of the revenue, the Court held that ; when the books of account is not rejected by the Assessing Officer , for estimating the cost of construction , reference to District Valuation Officer to make addition was held to be bad in law .( AY. 2009 -10)
CIT v A.L.Homes ( 2008) 401 ITR 285 ( Mad) (HC)
S. 143(3): Assessment – Estimate of cost of construction- Books of account not rejected – Assessing Officer cannot refer the matter to District valuation Officer .