Reference to DVO u/s. 142A without rejecting books of account not justified

IN THE ITAT AGRA BENCH Prahalad Kumar Jindal Versus Assistant Commissioner of Income-tax IT Appeal No. 137 (Agr.) of 2012 [Assessment year 2004-05] September 21, 2012 ORDER A.L. Gehlot, Accountant Member This is an appeal filed by the assessee against the order dated 14.09.2011 passed by the ld. CIT(A)-I, Agra for the A.Y. 2004-05 on the following grounds :- “1.  Because in the circumstances of the case and law on the subject the Ld. Commissioner of Income (Appeals) has erred in estimating the cost of construction of the factory building at Rs. 16,17,040/- as against Rs...