Addition based on DVO report for insignificant difference not justified

HIGH COURT OF DELHI Commissioner of Income-tax versus Ambience Developers and Infrastructure (P.) Ltd. IT Appeal Nos. 195 to 199 & 203 of 2012 C.M. APPL. NOS. 5434, 5436,5437,5439, 5441 & 5444 OF 2012 July 27, 2012 JUDGMENT S. Ravindra Bhat, J. (Open Court) – The revenue has preferred these batch of appeals, claiming to be aggrieved by a common decision of the Income Tax Appellate Tribunal in Asstt. CIT v. Ambience Developers & Infrastructure (P.) Ltd. [2011] 47 SOT 149 (Delhi) (URO). 2. The facts necessary to decide these appeals are that there was a search...