No addition u/s. 69B merely because property is worth several crores

HIGH COURT OF DELHI Commissioner of Income-tax versus Dinesh Jain HUF IT APPEAL Nos. 1667  OF 2010 & other SEPTEMBER 28, 2012 ORDER R.V. Easwar, J.   These are appeals filed by the Commissioner of Income-tax under section 260A of the Income Tax Act, 1961 (“Act”) against the orders of the Income Tax Appellate Tribunal (“Tribunal”). The following common substantial questions of law were framed by the court on 3-2-2011: “Whether learned ITAT erred in deleting the addition made by the Assessing Officer on account of unexplained investment in ren...