|
The Tax Publishers2013 TaxPub(DT) 1282 (Del-HC) : (2013) 051 (I) ITCL 0522 : (2013) 352 ITR 0595 : (2013) 214 TAXMAN 0540Income Tax Act, 1961
--Income from undisclosed sources--Addition under section 69BAddition the basis of report of DVOAssessing officer made an addition under section 69B on the basis of a valuation report which he received from DVO in respect of property purchased by assessee. Held : Was not justified, as the law seems to be well-settled that unless and until there is some other evidence to indicate that extra consideration has flowed in the transaction of purchase of property, the report of DVO cannot form the basis of any addition on the part of the revenue. In the present case there was no evidence other than the report of DVO and, therefore, the same could not be relied upon for making an addition.
Income Tax Act, 1961, Section 69B
IN The Delhi High Court
Badar Durrez Ahmed, & R.. Easwar, JJ.
CIT v. Sadhna Gupta
ITA 434/2012
A.Y. 2007-08
6 March, 2013
Petitioner by : Sanjeev Rajpal, Sr. Standing
SUBSCRIBE FOR FULL CONTENT |