No addition is allowed if the minor difference is only 3.24% between declaration of Assessee & Calculation made by DVO

Facts of the case

Assessee is a Director of a company having more than 10% of voting power. The said Company is involved in the business of construction in real estate. The assessee has entered into an agreement for construction of Assessee’s house. During the year under consideration, the work-in-progress was of Rs.32,81,823/-. As no payment was made by the assessee to the company during the year under consideration, an amount of Rs.32,81,823/- was treated by the Assessing Officer as deemed dividend

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