In Brief
A revenue department appealed a Tax Tribunal's decision on how to calculate construction costs for income tax purposes. The dispute centred on whether to use Central or local Public Works Department rates. The Tribunal had ruled that local rates must be applied. Although questioning the validity of a departmental valuation officer's reference, the Tribunal's core holding on applying local rates remained sound law. The Supreme Court found no merit in the appeal and dismissed it, confirming that local Public Works Department rates are the settled standard for construction cost valuation in tax assessment.
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