No need to refer valuation to DVO once AO is satisfied about cost of fixed assets recorded in books of account

INCOME TAX : Estimated cost of construction shown in project report submitted to bank for availing loan could not constitute actual cost of construction once assessee had recorded actual cost of construction in books of account and once Assessing Officer was satisfied with cost of fixed assets as shown in balance sheet, it was not mandatory for Assessing Officer to refer valuation to DVO

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