Monday, April 27, 2015

[aaykarbhavan] HC upheld sec. 69B additions on basis of DVO's report showing under statement of value of property by assessee



HC upheld sec. 69B additions on basis of DVO's report showing under statement of value of property by assessee

April 27, 2015[2015] 56 taxmann.com 315 (Delhi)/[2014] 368 ITR 709 (Delhi)
IT : Where difference in consideration as disclosed by assessee and value as estimated by DVO indicated that consideration recorded was understated and DVO's report was to be relied upon to corroborate statement of assessee, addition made under section 69B was justified
 
Regards
Prarthana Jalan


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


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