https://www.taxtmi.com/caselaws?id=235714 The High Court upheld the decisions of the CIT(A) and the Tribunal, ruling in favor of the assessee and dismissing the Tax Appeal. The Court emphasized that the DVO's report alone cannot be the sole basis for additions under Section 69B of the Income-tax Act, highlighting the need for corroborative evidence to support such additions. Since there was no additional material on record to substantiate the addition, the Court concluded that the Assessing Officer's additions were correctly deleted. en-us Thu, 25 Apr 2013 00:00:00 +0530 Thu, 01 Aug 2013 08:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235714 The High Court upheld the decisions of the CIT(A) and the Tribunal, ruling in favor of the assessee and dismissing the Tax Appeal. The Court emphasized that the DVO's report alone cannot be the sole basis for additions under Section 69B of the Income-tax Act, highlighting the need for corroborative evidence to support such additions. Since there was no additional material on record to substantiate the addition, the Court concluded that the Assessing Officer's additions were correctly deleted. Case-Laws Income Tax Thu, 25 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235714