https://www.taxtmi.com/caselaws?id=257220 The Delhi High Court ruled in favor of the assessees in block assessment proceedings under Section 153A of the Income Tax Act. The Court held that the Assessing Officer (AO) could not solely rely on the valuation report by the Departmental Valuation Officer (DVO) to make additions to the block assessment orders without evidence of under-valuation. It emphasized that properties were disclosed during regular assessments and accepted by tax authorities, with no fresh material post-search to suspect under-valuation. The Court underscored the need for concrete evidence to support tax additions, dismissing the Revenue's appeals and quashing the invalid revaluations. en-us Thu, 19 Feb 2015 00:00:00 +0530 Mon, 02 Mar 2026 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257220 The Delhi High Court ruled in favor of the assessees in block assessment proceedings under Section 153A of the Income Tax Act. The Court held that the Assessing Officer (AO) could not solely rely on the valuation report by the Departmental Valuation Officer (DVO) to make additions to the block assessment orders without evidence of under-valuation. It emphasized that properties were disclosed during regular assessments and accepted by tax authorities, with no fresh material post-search to suspect under-valuation. The Court underscored the need for concrete evidence to support tax additions, dismissing the Revenue's appeals and quashing the invalid revaluations. Case-Laws Income Tax Thu, 19 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257220