https://www.taxtmi.com/caselaws?id=270150 The Tribunal upheld the decision to delete the addition under section 69B of the Act, dismissing the revenue's appeals. It found that the reference to the DVO without rejecting the books of account was improper, and the subsequent valuation report was deemed unreliable. The Tribunal emphasized the importance of rejecting books of account before valuation references, aligning with legal precedents and the necessity for adherence to established principles. en-us Thu, 27 Aug 2015 00:00:00 +0530 Tue, 29 Dec 2015 20:38:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270150 The Tribunal upheld the decision to delete the addition under section 69B of the Act, dismissing the revenue's appeals. It found that the reference to the DVO without rejecting the books of account was improper, and the subsequent valuation report was deemed unreliable. The Tribunal emphasized the importance of rejecting books of account before valuation references, aligning with legal precedents and the necessity for adherence to established principles. Case-Laws Income Tax Thu, 27 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270150