Case Law Details
Case Name : Commissioner Of Income Tax Vs Anil Arora (Delhi High Court)
Appeal Number : ITA 340/2015 & C.M. No. 9241/2015
Date of Judgement/Order : 22/05/2015
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Brief of the case
Delhi High Court in case of Commissioner Of Income Tax Vs. Anil Arora held that reference to DVO for valuation of a property itself was invalid ,when AO’s conclusion/reasoning was not based on any material discovered or seized during the search operations. Therefore, addition could not have been made under section 69B.
Facts of the case
- The assessee is a resident individual associated with business of Wings Pharmaceuticals Pvt. Ltd. There was search and seizure under Section 132 was carried out in the said company. The proceedings being initiated under Section 153A, against the assessee.
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