Tuesday, August 21, 2018

No additions could be made relying on DVO's valuation report in course of block assessment proceedings; SLP dismissed

IT : In course of block assessment proceedings, Assessing Officer had no jurisdiction to reject assessee's books of account and refer matter to DVO to verify cost of construction of building and, thereupon make addition to assessee's income under section 69C on basis of valuation arrived at by DVO: SLP dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2OUd5sJ
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