https://www.taxtmi.com/caselaws?id=201716 Undisclosed payment allegations arising from property investments were assessed with reference to a DVO valuation; the legal basis required the Revenue to first discharge the primary burden of proving understatement or concealment before relying on DVO figures, and no incriminating evidence from search proceedings or any statement under the search provisions was produced to show payments beyond the registered consideration, nor was any corresponding adjustment made against the seller, resulting in the challenge failing for want of substantive proof and the appeal being dismissed. en-us Fri, 13 Aug 2010 00:00:00 +0530 Fri, 30 Jan 2026 13:00:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201716 Undisclosed payment allegations arising from property investments were assessed with reference to a DVO valuation; the legal basis required the Revenue to first discharge the primary burden of proving understatement or concealment before relying on DVO figures, and no incriminating evidence from search proceedings or any statement under the search provisions was produced to show payments beyond the registered consideration, nor was any corresponding adjustment made against the seller, resulting in the challenge failing for want of substantive proof and the appeal being dismissed. Case-Laws Income Tax Fri, 13 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201716