https://www.taxtmi.com/caselaws?id=237255 The High Court dismissed both appeals filed by the Department under Section 260A of the Income-Tax Act for the assessment years 2003-04 and 2004-05. The Court upheld the Tribunal's decision, emphasizing the importance of rejecting books of account before referring to the Departmental Valuation Officer (DVO) for estimation. It was deemed inappropriate to make additions without such rejection, especially when the society was exempted under Sections 11 and 12A of the Income Tax Act. The judgment favored the assessee, highlighting the finality of the Tribunal's factual findings in this matter. en-us Mon, 16 Sep 2013 00:00:00 +0530 Mon, 04 Apr 2016 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237255 The High Court dismissed both appeals filed by the Department under Section 260A of the Income-Tax Act for the assessment years 2003-04 and 2004-05. The Court upheld the Tribunal's decision, emphasizing the importance of rejecting books of account before referring to the Departmental Valuation Officer (DVO) for estimation. It was deemed inappropriate to make additions without such rejection, especially when the society was exempted under Sections 11 and 12A of the Income Tax Act. The judgment favored the assessee, highlighting the finality of the Tribunal's factual findings in this matter. Case-Laws Income Tax Mon, 16 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237255