https://www.taxtmi.com/caselaws?id=235033 The ITAT partly allowed the appeal by deleting the additions sustained by the CIT(A) under section 69C. The ITAT emphasized the importance of rejecting books of account before referring the matter to a Valuation Officer under section 142A. The Assessing Officer was directed to charge interest under section 234B only up to the date of the original assessment, in line with the ITAT's decision. en-us Tue, 30 Apr 2013 00:00:00 +0530 Mon, 13 May 2013 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235033 The ITAT partly allowed the appeal by deleting the additions sustained by the CIT(A) under section 69C. The ITAT emphasized the importance of rejecting books of account before referring the matter to a Valuation Officer under section 142A. The Assessing Officer was directed to charge interest under section 234B only up to the date of the original assessment, in line with the ITAT's decision. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235033