Friday, September 26, 2014

[aaykarbhavan] Higher fair market value estimated by DVO isn't sufficient to confirm additions under Section 69B




 

Higher fair market value estimated by DVO isn't sufficient to confirm additions under Section 69B

September 27, 2014[2014] 49 taxmann.com 42 (Mumbai - Trib.)/[2014] 161 TTJ 397 (Mumbai - Trib.)
IT : Where assessee had offered a reasonable and plausible justification regarding actual consideration of sale/ purchase transactions relating to property in question and revenue had failed to discharge its burden to prove, addition made by revenue under section 69B to be deleted
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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