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2016 (3) TMI 316 - AT - Income TaxAddition u/s. 69B - unexplained investment in residential bungalows - Held that:- Admittedly, the Assessing Officer has not rejected the books of account in the case of assessee though the Assessing Officer notes that the cost of construction is reflected in the books of account. In this regard, we find support from the ratio laid down by the Hon’ble Delhi High Court in CIT Vs. Bajranglal Bansal reported (2010 (8) TMI 65 - DELHI HIGH COURT) for the proposition that the opinion of the DVO per se was not an information and could not be relied upon without books of account, being rejected. Since the books of account had not been rejected in the present case and following the said principle, we reverse the order of CIT(A) in this regard and we direct the Assessing Officer to delete the additions - Decided in favour of assessee.
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