https://www.taxtmi.com/caselaws?id=177778 The Court dismissed the appeal regarding the reopening of assessment under Section 148 and addition of undisclosed investment under Section 69 based on DVO valuation. The CIT(A) and ITAT deleted the addition, citing lack of evidence of extra payment for shares by the Assessee. Relying on precedents, the Tribunal concluded that additions cannot be made without concrete evidence, leading to the dismissal of the appeal. en-us Wed, 21 Sep 2011 00:00:00 +0530 Mon, 18 Jan 2016 17:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177778 The Court dismissed the appeal regarding the reopening of assessment under Section 148 and addition of undisclosed investment under Section 69 based on DVO valuation. The CIT(A) and ITAT deleted the addition, citing lack of evidence of extra payment for shares by the Assessee. Relying on precedents, the Tribunal concluded that additions cannot be made without concrete evidence, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 21 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177778