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2012 (9) TMI 1037 - ITAT DELHIEligibility for benefit u/s 11 - unexplained investment in building - In respect of unexplained expenditure in the form of difference in building as per assessee’s books of accounts and as per estimate made by the Valuation Officer, we observe that the difference is very small and it cannot be considered for making addition because 10% of difference is always justified between physical valuation of a building and the amount appearing the books of accounts of the assessee. Therefore, we hold that Ld CIT(A) had rightly deleted the additions and we do not find merits in the appeal of revenue.
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