cost and allowing 10% self supervision chares is
23,68,000/- Moreover, the ld. CIT(A) has allowed Self supervision charges
@10% which should ... valuation report submitted by the appellant and after allowing the self-supervision
charges of Rs. 18,06,000/- @7.5% on the valuation of the property
take into
account all these factors and had allowed 3% as self supervision
charges. It was argued that the prices and rates utilized ... expertise, contacts
9
ITA Nos.1036 to 1041/PN/2014
etc. self supervision charges should have been granted between
that if a rebate of self
supervision @10% is granted to the assessee. Our view of
granting self supervision rebate is also supported ... self supervision rebate at the rate of
10%. We accordingly direct the AO to grant the rebate on account
of self supervision charges as observed
from 15% to 20%
whereas DVO has allowed only 5% towards self-supervision
charges which is unjustified. The learned Counsel for the assessee
further submitted ... assessee is
also on the lower side. Further, the self-supervision charges
allowed by the DVO at 5% is much lower than the self-supervision
appeal in both the years is directed against not allowing self-supervision charges @ 10 per cent while determining the estimated cost of construction of house ... valuation report of the Valuation Officer is reasonable. Regarding the self-supervision charges claimed @ 10 per cent by the assessee, the AO observed that there
calculated by
assessee.
iii. Not allowing deduction for self supervision charges.
iv. Not allowing deduction for electrical fittings & paint cost
incurred by the tenants ... been taken on higher side. Further, the deduction
on account of self-supervision charges has not been allowed by the
DVO as well
Vcl/0049 Addressed To Inspector Cbi Mr. ... vs Sh. D. L. Dhawan on 23 December
construction of the house in
question.
11.As regards the self supervision charges rebate rates is concerned, it is noted
that the tribunal has taken
this account in this case.
13. As regards the contention that self-supervision charges be allowed at the rate of 15 per cent instead ... deduction allowed by the Commissioner (Appeals) at 10 per cent for self-supervision and direct purchases is reasonable. We decline to interfere with the order
account of
CPWD/PWD rates and 10% on account of self-supervision
charges) against the total valuation made by the DVO. We note
that
