[aaykarbhavan] No additions by AO relying upon report of Valuation Officer in absence of any material indicating undervaluation

 

No additions by AO relying upon report of Valuation Officer in absence of any material indicating undervaluation

April 15, 2015[2015] 56 taxmann.com 89 (Delhi)

IT: Where due disclosure of acquisition of properties had been made in course of regular assessments by assessee, Assessing Officer in block assessment could not have brought to tax said amounts based upon DVO's report in absence of any material pointing to under valuation

Regards

Prarthana Jalan

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

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