adopted the correct method of valuation; and
determined the market value on the basis of policy of the
Government of NCT, fixing indicative price
adopted the correct method of valuation; and
determined the market value on the basis of policy of the
Government of NCT, fixing indicative price
adopted the correct method of valuation; and
determined the market value on the basis of policy of the
Government of NCT, fixing indicative price
adopted the correct method of valuation; and
determined the market value on the basis of policy of the
Government of NCT, fixing indicative price
adopted the correct method of valuation; and
determined the market value on the basis of policy of the
Government of NCT, fixing indicative price
adopted the correct method of valuation; and
determined the market value on the basis of policy of the
Government of NCT, fixing indicative price
adopted the correct method of valuation and
determined the market value on the basis of policy of the
Government of NCT, whereas price of land ... reasonable as LAC has not adopted the correct method of
valuation. However, they have not lead any evidence to support his
contention that
adopted the correct method of valuation
and determined the market value on the basis of policy of
the Government of NCT, whereas price of land
spend for the benefit of the
dependants. Then that should be
capitalized by multiplying it by a figure
representing the proper number of year ... loss suffered."
13. The Bench also observed that the proper method of
computation is the multiplier-method, which was
an accepted method of arriving
advances
recoverable from the customers. According to him this was a wrong method
of accounting. A similar procedure was found to have been adopted ... assessee. According to the assessing
officer these items of expenditure could be capitalized and added as part of
the work in progress. On these facts
