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2014 (4) TMI 860 - GUJARAT HIGH COURTAddition u/s 69B of the Act – Unexplained investment in house property – Reference made to DVO - Held that:- The Tribunal rightly deleted the entire addition primarily on the ground that the AO could not have made reference to the DVO without reference to the books of accounts and such reliance on the DVO's books of accounts was not justified – GOODLUCK AUTOMOBILES PVT LTD Versus ASSTT COMMISSIONER OF INCOME TAX [2012 (9) TMI 157 - Gujarat High Court] - there was no material, what to say an incriminating material, in the possession of the Revenue Department - the entire addition being merely based upon the estimation of DVO was baseless is set aside – thus, there is no need to interfere in the findings arrived at by the authorities – Decided against Revenue.
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