https://www.taxtmi.com/caselaws?id=246927 The High Court addressed the addition of unexplained investment in house property under section 69B of the Income Tax Act, 1961, based on the DVO's report. The Tribunal allowed the assessee's appeal and rejected the Revenue's appeal. The Court emphasized the necessity of rejecting books of accounts before referring to the Valuation Officer, following established legal principles in making additions based on expert reports. The Tax Appeals were dismissed as no substantial question of law arose. en-us Tue, 15 Apr 2014 00:00:00 +0530 Sat, 26 Apr 2014 16:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246927 The High Court addressed the addition of unexplained investment in house property under section 69B of the Income Tax Act, 1961, based on the DVO's report. The Tribunal allowed the assessee's appeal and rejected the Revenue's appeal. The Court emphasized the necessity of rejecting books of accounts before referring to the Valuation Officer, following established legal principles in making additions based on expert reports. The Tax Appeals were dismissed as no substantial question of law arose. Case-Laws Income Tax Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246927