https://www.taxtmi.com/caselaws?id=243223 The Tribunal allowed all appeals of the assessee, setting aside the Commissioner of Income Tax (Appeals)'s order and directing the deletion of the additions under Section 69B of the Income Tax Act for assessment years 2001-02, 2002-03, and 2003-04. The Tribunal held that the Assessing Officer's referral to the Departmental Valuation Officer was improper as the books of account were not rejected, rendering the additions impermissible. Therefore, the Tribunal instructed the Assessing Officer to remove the impugned addition solely based on the DVO's report. en-us Mon, 28 Oct 2013 00:00:00 +0530 Tue, 28 Jan 2014 06:08:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243223 The Tribunal allowed all appeals of the assessee, setting aside the Commissioner of Income Tax (Appeals)'s order and directing the deletion of the additions under Section 69B of the Income Tax Act for assessment years 2001-02, 2002-03, and 2003-04. The Tribunal held that the Assessing Officer's referral to the Departmental Valuation Officer was improper as the books of account were not rejected, rendering the additions impermissible. Therefore, the Tribunal instructed the Assessing Officer to remove the impugned addition solely based on the DVO's report. Case-Laws Income Tax Mon, 28 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243223