https://www.taxtmi.com/caselaws?id=197370 The Tribunal partly allowed the Revenue's appeal for statistical purposes. It upheld the CIT(A)'s decisions on rejecting the books of account under Section 145(1) of the Income-tax Act, deleting the additions of Rs. 15,00,000/- and Rs. 13,91,296/- towards alleged unexplained expenditure and cash deposits, respectively. The Tribunal also canceled the CIT(A)'s directions to the Assessing Officer regarding the Department Valuation Officer's report but instructed consideration of the Government Approved Valuer's report for determining capital gains. en-us Thu, 27 Nov 2014 00:00:00 +0530 Fri, 05 Jan 2018 08:09:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197370 The Tribunal partly allowed the Revenue's appeal for statistical purposes. It upheld the CIT(A)'s decisions on rejecting the books of account under Section 145(1) of the Income-tax Act, deleting the additions of Rs. 15,00,000/- and Rs. 13,91,296/- towards alleged unexplained expenditure and cash deposits, respectively. The Tribunal also canceled the CIT(A)'s directions to the Assessing Officer regarding the Department Valuation Officer's report but instructed consideration of the Government Approved Valuer's report for determining capital gains. Case-Laws Income Tax Thu, 27 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197370