Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (3) TMI 28 - AT - Income TaxValidity of reference to Valuation Officer under section 142A - No incriminating material found in Search - No material on record that value of the property was under-stated OR investment exceeded the amount recorded in the registered sale deed - Held That:- Assessing Officer cannot make a reference u/s 142A for making roving and fishing enquires. Reference to DVO can only be made after rejecting books of account when books are not rejected Assessing Officer has no power to straightaway jump to the next step of making an estimate. Relaince placed on CIT vs Mahesh Kumar (2010 - TMI - 78245 - DELHI HIGH COURT), CIT vs Ramesh Kakkar (2010 - TMI - 79050 - DELHI HIGH COURT), CIT vs Manoj Jain (2005 - TMI - 9979 - DELHI High Court).
|