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2015 (10) TMI 2116 - AT - Income TaxUndisclosed investment in property purchased - addition confirmed purely on the basis of DVO report - Held that:- There was no evidence or material to suggest that the extra consideration has passed on from the assessee to the seller and no other material was available with the AO except DVO’s report for making addition under section 69B of the Act. Hence, respectfully following the judgments of the Hon’ble Jurisdictional High Court in the case of CIT Vs. Puneet Sabharwal (2010 (12) TMI 846 - Delhi High Court) and other decisions cited, we hold that no addition can be made in this case. - Decided in favour of assessee.
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