Tax Authorities' Income Addition Overturned Due to Lack of Valuation Evidence in Land Investment Case. https://www.taxtmi.com/highlights?id=52817 Unexplained investment in purchase land - on-money payment - The addition is also not based on valuation of land by any registered valuer. The addition is also not based on any report of Valuation Officer. The lower authorities have also failed to bring any material on record to show that the addition is justified on the basis of fair market value of the land. - Addition deleted - AT en-us Tue, 07 Apr 2020 12:33:32 +0530 Tue, 07 Apr 2020 12:33:32 +0530 TaxTMI RSS Generator Tax Authorities' Income Addition Overturned Due to Lack of Valuation Evidence in Land Investment Case. https://www.taxtmi.com/highlights?id=52817 Unexplained investment in purchase land - on-money payment - The addition is also not based on valuation of land by any registered valuer. The addition is also not based on any report of Valuation Officer. The lower authorities have also failed to bring any material on record to show that the addition is justified on the basis of fair market value of the land. - Addition deleted - AT Highlights Income Tax Tue, 07 Apr 2020 12:33:32 +0530 https://www.taxtmi.com/highlights?id=52817