https://www.taxtmi.com/caselaws?id=203938 The Tribunal allowed the appeal of the assessee, ruling that the reference to the DVO was invalid as no pending proceedings existed at the time. It held that Section 142A does not apply to estimating unexplained expenditure under Section 69C. The additions made by the Assessing Officer were considered unwarranted as the books of account were not rejected, and the DVO's rates were arbitrary. The Tribunal admitted additional legal grounds and ruled in favor of the assessee. The Revenue's appeal was dismissed, and the substantive issues were not addressed. en-us Fri, 04 Jun 2010 00:00:00 +0530 Thu, 09 Aug 2012 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203938 The Tribunal allowed the appeal of the assessee, ruling that the reference to the DVO was invalid as no pending proceedings existed at the time. It held that Section 142A does not apply to estimating unexplained expenditure under Section 69C. The additions made by the Assessing Officer were considered unwarranted as the books of account were not rejected, and the DVO's rates were arbitrary. The Tribunal admitted additional legal grounds and ruled in favor of the assessee. The Revenue's appeal was dismissed, and the substantive issues were not addressed. Case-Laws Income Tax Fri, 04 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203938