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DVO Valuation Alone Cannot Justify Section 69 Addition Without Extra Payment Proof: ITAT Amritsar

Case Law Details

Case Name
Harpreet Kaur Vs ITO (ITAT Amritsar)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2018-19
Advertisement Harpreet Kaur Vs ITO (ITAT Amritsar) Registered Sale Deed Cannot Be Ignored Because DVO Valuation Is Only an Estimate; ITAT Quashes Unexplained Investment Addition Because No Evidence Supported Higher Property Value; Addition Under Section 69 Deleted Because Joint Property Investment Was Fully Explained Through Loan and Savings; ITAT Rejects Addition Because Same Property Transaction Was Accepted in Co-Owner’s Assessment. The Income Tax Appellate Tribunal (ITAT), Amritsar, allowed the appeal filed against an order passed under Sections 147 read with 144B of the Income Tax A...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,683

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