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ITAT Ahmedabad Remands DVO Addition & Demonetisation Cash Deposit Issue

Case Law Details

Case Name
Corner Point Infrastructure Pvt. Ltd. Vs ACIT (ITAT Ahmedabad)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
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Corner Point Infrastructure Pvt. Ltd. Vs ACIT (ITAT Ahmedabad) ITAT Ahmedabad Remands DVO-Based Addition and Demonetisation Cash Deposit Issue: Books Not Rejected, Assessee Not Confronted The Ahmedabad Bench “D” of the ITAT partly allowed the assessee’s appeals for AYs 2017-18 and 2018-19 by remanding the matters to the Assessing Officer for fresh adjudication. The assessee, a real estate developer, faced additions of ₹36.93 crore under section 69 on account of alleged unexplained investment based solely on the DVO’s valuation report, and ₹66.29 lakh under section 68 for cash depos...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,493

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