2010 (10) TMI 62 - HC - Income Tax

Undisclosed investment - Held that - in the case of Smt. Suraj Devi one of the co-owners of the property in question titled as Commissioner of Income Tax Vs. Smt. Suraj Devi ITA No. 811/2010 decided on 13th August 2010 this Court has upheld the order of the Tribunal deleting the addition made solely on account of DVO s report - Appeal is dismissed

Summary

The High Court dismissed the appeals challenging the Income Tax Appellate Tribunal's order regarding undisclosed investment based on DVO's report for the Assessment Year 2005-2006. The Tribunal's decision was upheld citing a similar case involving Smt. Suraj Devi.