https://www.taxtmi.com/caselaws?id=169111 The Tribunal upheld the decisions of the CIT(Appeals) in dismissing the appeals against revenue's additions for unexplained investment and notional royalty income. It was held that the Assessing Officer cannot refer the matter to the DVO without rejecting the books of account, leading to the deletion of additions based on estimated values. Additionally, there was no evidence to support the addition of notional royalty income, resulting in the dismissal of those additions as well. The judgments were pronounced by the ITAT Delhi on 14.02.2014. en-us Fri, 14 Feb 2014 00:00:00 +0530 Mon, 06 Apr 2015 21:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169111 The Tribunal upheld the decisions of the CIT(Appeals) in dismissing the appeals against revenue's additions for unexplained investment and notional royalty income. It was held that the Assessing Officer cannot refer the matter to the DVO without rejecting the books of account, leading to the deletion of additions based on estimated values. Additionally, there was no evidence to support the addition of notional royalty income, resulting in the dismissal of those additions as well. The judgments were pronounced by the ITAT Delhi on 14.02.2014. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169111