Opinion of DVO cannot be relied upon in absence of other corroborative evidence

CIT Vs. Naveen Gera (Delhi High Court), ITA No. 736/2010 , Date of Decision: 17th August, 2010

We do not find merit in the submission made by Ms. Suruchii Aggarwal that the concealed income was detected during the course of search or any evidence was found which would indicate such concealment. The seized material containing the sale deeds of the properties, which have been relied upon to make reference to DVO, had already been declared to the revenue by the respondent-assessee under VDIS.

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