https://www.taxtmi.com/caselaws?id=241064 The High Court upheld the Tribunal's order, dismissing all Department appeals under Section 260A of the Income Tax Act. The decision was based on the failure to reject the assessee's books of account before involving the Departmental Valuation Officer (DVO), as required by law. This failure rendered reliance on the DVO report invalid, aligning with the Supreme Court ruling in Sargam Cinema vs. CIT. The dismissal of appeals was justified by the High Court, emphasizing adherence to legal principles and precedents in the assessment process. en-us Fri, 13 Dec 2013 00:00:00 +0530 Mon, 16 Dec 2013 16:12:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241064 The High Court upheld the Tribunal's order, dismissing all Department appeals under Section 260A of the Income Tax Act. The decision was based on the failure to reject the assessee's books of account before involving the Departmental Valuation Officer (DVO), as required by law. This failure rendered reliance on the DVO report invalid, aligning with the Supreme Court ruling in Sargam Cinema vs. CIT. The dismissal of appeals was justified by the High Court, emphasizing adherence to legal principles and precedents in the assessment process. Case-Laws Income Tax Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241064