Reopening u/s 147 after 153A due to DVO report

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..... Reopening u/s 147 after 153A due to DVO report
Query (Issue) Started By: - RAJESH SANGHVI Dated:- 26-12-2012 Last Reply Date:- 6-1-2015 Income Tax
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Income Tax
The assessment of .....

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..... the builder assessee were completed u/s 153A. During asst proceedigns AO rejected books and made a reference to the DVO u/s 142A to determine cost of constructon. Wihtout DVO's report the asst made u .....

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..... /s 153A. The assessee won till ITAT. Now DVO report has come in which cost of cosntruction is take 25 lacs more than what the assessee has shown. Can AO reopen based on this. Before the ITAT itwas con .....

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..... tested that DVO reference cannot be used to determine cost of construction because 69C is not covered u/s 142A. The ITAT appreciated this point. Reply By MARIAPPAN GOVINDARAJAN: The Reply: What is t .....

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..... he outcome of the ITAT?
Discussion Forum - Knowledge Sharing .....

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