Section 69B Limits Assessing Officer's Discretion in Quantifying Understated Investments Once Proven. https://www.taxtmi.com/highlights?id=18368 Section 69B does not give the AO the option of applying any reasonable yardstick to measure the precise extent of understatement of the investment once the fact of understatement is proved. - HC en-us Wed, 30 Apr 2014 10:52:48 +0530 Wed, 30 Apr 2014 10:52:48 +0530 TaxTMI RSS Generator Section 69B Limits Assessing Officer's Discretion in Quantifying Understated Investments Once Proven. https://www.taxtmi.com/highlights?id=18368 Section 69B does not give the AO the option of applying any reasonable yardstick to measure the precise extent of understatement of the investment once the fact of understatement is proved. - HC Highlights Income Tax Wed, 30 Apr 2014 10:52:48 +0530 https://www.taxtmi.com/highlights?id=18368