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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

In the absence of any evidence that the assessee has invested ...


DVO Valuation Report Cannot Increase Assessee's Declared Property Investment Without Evidence Exceeding Registered Sale Deed Value.

May 27, 2013

Case Laws     Income Tax     AT

In the absence of any evidence that the assessee has invested more than value declared in the registered sale deed of property purchased, the addition in this regard on the basis of Valuation Report by the DVO is not sustainable. - AT

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