Thursday 31 October 2013

No. Sec. 69B additions if report of independent value couldn't be produced and report of DVO was fou

IT : Where valuation report of independent valuer seized during search, on which Commissioner (Appeals) placed reliance, was not on record, addition on account of unexplained investment in property could not be made on basis of DVO's valuation which was found to be unreliable both by Commissioner (Appeals) and Tribunal


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