https://www.taxtmi.com/caselaws?id=220525 The High Court upheld the decision of the Income Tax Appellate Tribunal and the Commissioner of Income Tax (Appeals) to delete the additions made by the Assessing Officer under Section 69 of the Income Tax Act, 1961. The Court found that the revenue failed to provide sufficient material to justify the reference to the District Valuation Officer for valuation of the properties, and the valuation was unreliable as it was based on incomparable sales. Consequently, the burden of proof regarding the real investment in the properties was not met by the revenue, resulting in the deletion of the additions. en-us Wed, 23 Jan 2013 00:00:00 +0530 Mon, 02 Mar 2026 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220525 The High Court upheld the decision of the Income Tax Appellate Tribunal and the Commissioner of Income Tax (Appeals) to delete the additions made by the Assessing Officer under Section 69 of the Income Tax Act, 1961. The Court found that the revenue failed to provide sufficient material to justify the reference to the District Valuation Officer for valuation of the properties, and the valuation was unreliable as it was based on incomparable sales. Consequently, the burden of proof regarding the real investment in the properties was not met by the revenue, resulting in the deletion of the additions. Case-Laws Income Tax Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220525