https://www.taxtmi.com/caselaws?id=400337 The Tribunal upheld the Assistant's jurisdiction under Section 153 A for assessing investment in a building, validated the reference to the DVO for estimating repair costs, sustained the DVO's valuation, approved additions for unexplained expenditure, relied on the DVO report, interpreted legal provisions, and considered judicial precedents. The Tribunal ruled in favor of the appellant, canceling the additions made by the Assistant based on the permissible differences in valuation reports. en-us Mon, 12 Oct 2020 00:00:00 +0530 Wed, 04 Nov 2020 09:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400337 The Tribunal upheld the Assistant's jurisdiction under Section 153 A for assessing investment in a building, validated the reference to the DVO for estimating repair costs, sustained the DVO's valuation, approved additions for unexplained expenditure, relied on the DVO report, interpreted legal provisions, and considered judicial precedents. The Tribunal ruled in favor of the appellant, canceling the additions made by the Assistant based on the permissible differences in valuation reports. Case-Laws Income Tax Mon, 12 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400337