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2017 (1) TMI 119 - HC - Income TaxUndisclosed investment in the cost of construction of the immovable property - valuation of said property revealed that the value as declared by the assessee was not correct - ITAT deleted the addition - reassessment - Held that:- The judgment of the Supreme Court which is sought to be relied upon by the Tribunal in the case of Amiya Bala Paul Vs. C.I.T.,[2003 (7) TMI 4 - SUPREME Court] is fully applicable to the facts of the case. Taking into consideration that the independent valuation was not done on the basis of valuation of DVO, the addition were made and after considering both the orders of CIT(A) and Tribunal and the decision of Hon'ble Supreme Court, we are of the opinion that the view taken by the Tribunal is just and proper. - Decided against revenue
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