Case Law Details
Case Name : CIT Vs Anil Arora (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Issue before Court:
Whether tribunal erred in confirming order passed by CIT (A) without considering report of DVO sought by AO u/s 142 A of the Act.
Brief Facts:
Search & Seizure operation was carried out in Wing Pharmaceuticals Pvt. Ltd. group cases in which assessee was covered.
AO noticed that assessee along with his brothers jointly purchased property in Punjabi Bagh Delhi. AO suspected it as case of under valuation and referred matter to Departmental Valuation Officer (DVO) to ascertain the correct value of the property.
DVO declared a much higher value of the said property and th...
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We can only hope that Department does not pass such frivolous order and then just to keep its leg up, go on appeal after appeal wasting tax payers money. This appears to be clear case of Assessee not buttering the AO and due to ego issue he put assesse in avoidable harassment.