https://www.taxtmi.com/caselaws?id=422894 The Tribunal upheld the CIT(A)'s decision to delete the addition made by the AO under Section 69, based on the valuation report. It was held that the amended provisions of Section 142A were not applicable for the assessment year 2013-14, and the AO could not make a valid reference to the DVO without rejecting the books of accounts. The Tribunal dismissed the Department's appeal and the assessee's cross-objection as withdrawn. en-us Wed, 18 May 2022 00:00:00 +0530 Tue, 24 May 2022 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422894 The Tribunal upheld the CIT(A)'s decision to delete the addition made by the AO under Section 69, based on the valuation report. It was held that the amended provisions of Section 142A were not applicable for the assessment year 2013-14, and the AO could not make a valid reference to the DVO without rejecting the books of accounts. The Tribunal dismissed the Department's appeal and the assessee's cross-objection as withdrawn. Case-Laws Income Tax Wed, 18 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422894