This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
AO can rely upon valuation of DVO only after discharge of primary burden to prove under statement
Case Law Details
- Case Name
- CIT Vs M/s. Nishi Mehra (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Issue before court:
Whether ITAT has rightly interpreted scope, power and jurisdiction of the Assessing Officer in block assessment proceedings and the term “undisclosed income”.
Brief facts:
The assessees had purchased eight different properties. They are related to each other. The search operations were conducted in the premises of M/s Mehra Art Palace and its partners Arun Mehra, Subhash Mehra and Sushil Mehra on 27.03.1996.Mehra Art Palace was used to export as well as sell handicrafts in the domestic market.
The allegations made by the Revenue against the firm and its partners were...
