[aaykarbhavan] No addition of undisclosed investment if there was minor difference in report of DVO and assessee’s valuer

No addition of undisclosed investment if there was minor difference in report of DVO and assessee's valuer

January 24, 2015[2014] 52 taxmann.com 54 (Gujarat)/[2014] 367 ITR 686 (Gujarat)

IT : Where there was minor difference in valuation report of DVO and assessee's valuer regarding cost of construction, addition made as undisclosed investment could not be sustained

IT : Addition made on account of undisclosed investment in purchase of land solely on basis of DVO's report was not proper

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Regards

Prarthana Jalan

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

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