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2016 (7) TMI 931 - HC - Income TaxReference to DVO - non recording of defect in books of account - Held that:- Assessing Officer did not find any glaring discrepancy in the books of accounts and the Assessing Officer who had passed the block order had not made any adverse comments on the expenditure so incurred. Thus, when the Assessing Officer recorded a finding that the accounts are duly audited and complete details are available and when the Assessing Officer has not rejected the books of account, he cannot make a reference to the Valuation Officer. See Goodluck Automobiles (P.) Ltd. vs. Assistant Commissioner of Income tax [2012 (9) TMI 157 - Gujarat High Court ] - Decided in favour of assessee.
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