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Income Tax - Highlights / Catch Notes

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Assessment u/s 153A - undisclosed investments - the DVO's report ...


DVO Report Alone Not Incriminating: Additions Based Solely on DVO's Findings Deemed Unsustainable in Investment Cases.

November 29, 2023

Case Laws     Income Tax     AT

Assessment u/s 153A - undisclosed investments - the DVO's report on standalone basis without any corroborating material cannot be construed as incriminating material and hence the additions solely on the basis of the DVO's report are not sustainable. - AT

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