https://www.taxtmi.com/highlights?id=46657 Unexplained investment u/s. 69 - Asstt. Comm. of Commercial Taxes estimated the valuation of WIP without mentioning the quantity or rate of the individual item - AO consider the same as unexplained investment - AO has to reject the books of account and thereafter, he has to estimate the unexplained investment in WIP in the relevant assessment year by following the market price or cost which was lower which the AO has failed to do so - no addition en-us Tue, 21 May 2019 07:06:02 +0530 Tue, 21 May 2019 07:06:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46657 Unexplained investment u/s. 69 - Asstt. Comm. of Commercial Taxes estimated the valuation of WIP without mentioning the quantity or rate of the individual item - AO consider the same as unexplained investment - AO has to reject the books of account and thereafter, he has to estimate the unexplained investment in WIP in the relevant assessment year by following the market price or cost which was lower which the AO has failed to do so - no addition Highlights Income Tax Tue, 21 May 2019 07:06:02 +0530 https://www.taxtmi.com/highlights?id=46657