https://www.taxtmi.com/caselaws?id=174518 The High Court upheld the Tribunal's decision in the case, dismissing the Revenue's appeal against the order of the Income Tax Appellate Tribunal for the Assessment Year 2003-04. The dispute centered on the addition of unaccounted investment based solely on a DVO report without evidence of additional payment by the assessee. The Court emphasized the necessity for the Revenue to establish that the assessee made payments beyond the stated consideration in the sale deed before relying on the DVO's valuation, in line with established legal principles. en-us Wed, 05 May 2010 00:00:00 +0530 Fri, 09 Oct 2015 13:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174518 The High Court upheld the Tribunal's decision in the case, dismissing the Revenue's appeal against the order of the Income Tax Appellate Tribunal for the Assessment Year 2003-04. The dispute centered on the addition of unaccounted investment based solely on a DVO report without evidence of additional payment by the assessee. The Court emphasized the necessity for the Revenue to establish that the assessee made payments beyond the stated consideration in the sale deed before relying on the DVO's valuation, in line with established legal principles. Case-Laws Income Tax Wed, 05 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174518