https://www.taxtmi.com/caselaws?id=782146 ITAT Delhi-AT allowed the assessees' appeals and deleted the addition made u/s 69. It held that the AO's reference to the DVO was founded on an incorrect premise that the assessees had sold, rather than jointly purchased, the property, rendering the reference bad in law. Even otherwise, the difference between the declared value and DVO valuation was only 1.71%, a negligible variation not warranting addition. Further, the approval u/s 153D was granted by the JCIT mechanically, without application of mind to the record or the assessees' evidence, making the approval invalid. Consequently, the assessment u/s 153A r.w.s. 143(3) was held null and void. en-us Fri, 21 Nov 2025 00:00:00 +0530 Tue, 25 Nov 2025 08:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782146 ITAT Delhi-AT allowed the assessees' appeals and deleted the addition made u/s 69. It held that the AO's reference to the DVO was founded on an incorrect premise that the assessees had sold, rather than jointly purchased, the property, rendering the reference bad in law. Even otherwise, the difference between the declared value and DVO valuation was only 1.71%, a negligible variation not warranting addition. Further, the approval u/s 153D was granted by the JCIT mechanically, without application of mind to the record or the assessees' evidence, making the approval invalid. Consequently, the assessment u/s 153A r.w.s. 143(3) was held null and void. Case-Laws Income Tax Fri, 21 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782146