https://www.taxtmi.com/caselaws?id=466123 Addition of income as capital gain premised solely on a valuation report discovered during a search was examined with reference to an identical precedent. The tribunal relied on the prior ITAT decision where the valuation report at the searched premises formed the exclusive basis for additions; that precedent led to deletion of additions on merits in the present matter, resulting in dismissal of the revenues appeal. The decision emphasizes treatment of valuation reports found during search and deletion of additions when identical factual matrix is established. en-us Wed, 12 Feb 2025 00:00:00 +0530 Sun, 25 Jan 2026 21:24:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466123 Addition of income as capital gain premised solely on a valuation report discovered during a search was examined with reference to an identical precedent. The tribunal relied on the prior ITAT decision where the valuation report at the searched premises formed the exclusive basis for additions; that precedent led to deletion of additions on merits in the present matter, resulting in dismissal of the revenues appeal. The decision emphasizes treatment of valuation reports found during search and deletion of additions when identical factual matrix is established. Case-Laws Income Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466123