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

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 Act relating to ad...