AO not empowered to refer matter to DVO without rejecting books of accounts: HC

Brief of the Case Punjab & Haryana High Court held In the case of CIT vs. M/s Freedom Board & Paper Mills that it is not open to the AO to refer the case to DVO without rejecting books of accounts  on the basis of rejection of the books of account on some legal or justified basis. So Reopening based on DVO report not justified if books of accounts were not rejected first on the basis of some legal and jusitifed reasoning. Facts of the Case During assessment for the year 2007-08, it was noticed that the assessee had been raising construction of the factory building from the year 2003-0...