Case Law Analysis
|Income Tax Appellate Tribunal
Section 69 IT Act | State PWD Rates Override CPWD for Property Valuation; 15% Self-Supervision Deduction Mandatory : ITAT Dehradun
ITAT Dehradun rules that State Public Works Department rates must replace Central PWD rates for property valuation under Section 69 of the Income Tax Act, and a 15% self-supervision deduction is compulsory. The ruling eliminates additions for negligible variances, impacting tax assessments for construction costs across states.