https://www.taxtmi.com/caselaws?id=260257 A DVO valuation alone cannot displace the registered sale consideration for a property where no material shows unrecorded payment; the addition for alleged undisclosed investment was therefore unsustainable. A notional fair-rent addition for the Bhagirath Place shop was also unjustified because the factual finding was that the shop remained vacant and no material proved receipt of rent beyond what was declared. The explanation for cash found during search was accepted on the basis of the company's books, and those concurrent findings were not shown to be perverse. On these factual findings, no substantial question of law arose and the Revenue's appeal failed. en-us Fri, 22 May 2015 00:00:00 +0530 Sat, 06 Jun 2015 05:55:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260257 A DVO valuation alone cannot displace the registered sale consideration for a property where no material shows unrecorded payment; the addition for alleged undisclosed investment was therefore unsustainable. A notional fair-rent addition for the Bhagirath Place shop was also unjustified because the factual finding was that the shop remained vacant and no material proved receipt of rent beyond what was declared. The explanation for cash found during search was accepted on the basis of the company's books, and those concurrent findings were not shown to be perverse. On these factual findings, no substantial question of law arose and the Revenue's appeal failed. Case-Laws Income Tax Fri, 22 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260257