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Income Tax - Highlights / Catch Notes

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Unexplained investment in immovable property - addition u/s 69 - ...


AO Must Reject Books Before DVO Referral for Unexplained Property Investment u/s 69, Following Section 145(3) Conditions.

September 20, 2016

Case Laws     Income Tax     AT

Unexplained investment in immovable property - addition u/s 69 - AO, before referring the matter to DVO for valuation of the investment in the property, should have rejected the books of account of the assessee, that too after satisfying the conditions precedent as envisaged u/s 145(3) - AT

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