2010 (5) TMI 808

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..... ted against the order dated 08.05.2009 passed by the Income Tax Appellate Tribunal in ITA No.3647/Del/2008 in respect of the Assessment Year 2003-04. The Assessing Officer has made an addition in respect of unaccounted investment by merely relying upon the DVO?s report with regard to a share in property (D-45, First Floor Hauz Khas, New Delhi) purchased by the assessee. The Commissioner of Incom .....

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..... t is only when such burden is discharged that it would be permissible to the valuation as given by the DVO. In the absence of the burden having gone into being discharged, it was not permissible in law to make any inferences against the assessee. The Tribunal has merely followed the law which has been settled by the Supreme Court as well as by this Court. There is no question of law involved in .....

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