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2014 (1) TMI 28 - RAJASTHAN HIGH COURTUndisclosed investment in new project - Held that:- Addition u/s 69 cannot be made on the basis of estimated figure of investment shown in estimated project report impounded during search operation - Report might have been prepared for diverse purposes and really do not indicate as to actual investment having made by the assessee - The assessing officer has blindly made addition merely on the basis of project report without bringing further evidence in the form of valuation report which may have been obtained by the assessing officer from its valuation officer - No substantial question of law arises - Decided against Revenue.
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