https://www.taxtmi.com/caselaws?id=180436 The Tribunal allowed the assessee's appeals partly, deleting the additions based on the DVO's report, and dismissed the Revenue's appeals as infructuous. The addition as unexplained investment was deleted due to unreliable DVO valuation, following the principle that expenditures in the books should be accepted unless proven otherwise. The disallowance of expenses was dismissed as the assessee did not press the issue. The Tribunal's decision rendered moot the deduction for self-supervision, as the additions were deleted. en-us Wed, 16 Jun 2010 00:00:00 +0530 Tue, 30 Aug 2016 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180436 The Tribunal allowed the assessee's appeals partly, deleting the additions based on the DVO's report, and dismissed the Revenue's appeals as infructuous. The addition as unexplained investment was deleted due to unreliable DVO valuation, following the principle that expenditures in the books should be accepted unless proven otherwise. The disallowance of expenses was dismissed as the assessee did not press the issue. The Tribunal's decision rendered moot the deduction for self-supervision, as the additions were deleted. Case-Laws Income Tax Wed, 16 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180436