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

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..... The assessment of 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 r .....

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..... eport the asst made u/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. B .....

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..... efore the ITAT itwas contested 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 GOVIN .....

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..... DARAJAN - The Reply = What is the outcome of the ITAT? - Reopening u/s 147 after 153A due to DVO report - Query Started By: - RAJESH SANGHVI Dated:- 26-12-2012 Income Tax - Got 1 Reply - Income Tax .....

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..... - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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