https://www.taxtmi.com/caselaws?id=421203 The Tribunal held that the Commissioner of Income Tax (Appeals) lacked authority to change the provision of law from Section 69C to Section 69B without specific notice to the assessee, setting aside the impugned order and deleting the addition made under Section 69C. The Tribunal also found the reference to the Valuation Officer under Section 142A for Section 69C invalid, as it was not for determining the market value but for ascertaining expenditure on purchases. The appellant's appeal was allowed based on these findings. en-us Mon, 18 Apr 2022 00:00:00 +0530 Fri, 03 Jul 2026 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421203 The Tribunal held that the Commissioner of Income Tax (Appeals) lacked authority to change the provision of law from Section 69C to Section 69B without specific notice to the assessee, setting aside the impugned order and deleting the addition made under Section 69C. The Tribunal also found the reference to the Valuation Officer under Section 142A for Section 69C invalid, as it was not for determining the market value but for ascertaining expenditure on purchases. The appellant's appeal was allowed based on these findings. Case-Laws Income Tax Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421203