ITAT Ahmedabad Remands DVO Addition & Demonetisation Cash Deposit Issue

Corner Point Infrastructure Pvt. Ltd. Vs ACIT (ITAT Ahmedabad) ITAT Ahmedabad Remands DVO-Based Addition and Demonetisation Cash Deposit Issue: Books Not Rejected, Assessee Not Confronted The Ahmedabad Bench “D” of the ITAT partly allowed the assessee’s appeals for AYs 2017-18 and 2018-19 by remanding the matters to the Assessing Officer for fresh adjudication. The assessee, a real estate developer, faced additions of ₹36.93 crore under section 69 on account of alleged unexplained investment based solely on the DVO’s valuation report, and ₹66.29 lakh under section 68 for cash depos...