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2015 (12) TMI 1454 - AT - Income TaxAddition u/s 69B - unexplained investment made on the basis of DVO's report - CIT(A) deleted the addition - Held that:- Following the judgment of CIT vs. Lucknow Public Educational Society [2011 (3) TMI 1326 - Allahabad High Court ] we hold that the reference to the DVO without rejecting the books of account is bad and therefore the valuation report submitted consequent thereto cannot be relied on for making an addition. Thus, no addition on account of unexplained investment is sustainable in the eyes of law. We, therefore, find no infirmity in the order of the ld. CIT(A) and we accordingly confirm the same. - Decided in favour of assessee.
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