https://www.taxtmi.com/caselaws?id=785544 Dispute concerns addition of alleged unaccounted property investment and STCG based on valuation evidence obtained during bank transaction; the tribunal examined whether a valuation report supplied to a bank in response to a statutory notice constitutes incriminating material for search assessments, finding it did not, and concluded that the AO's reliance on a DVO-based estimation uplifted to 120% was an unsupported simple estimate; consequence: the appellate authoritys deletion of the additions was upheld and the revenues challenge dismissed. en-us Tue, 16 Dec 2025 00:00:00 +0530 Tue, 27 Jan 2026 07:36:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785544 Dispute concerns addition of alleged unaccounted property investment and STCG based on valuation evidence obtained during bank transaction; the tribunal examined whether a valuation report supplied to a bank in response to a statutory notice constitutes incriminating material for search assessments, finding it did not, and concluded that the AO's reliance on a DVO-based estimation uplifted to 120% was an unsupported simple estimate; consequence: the appellate authoritys deletion of the additions was upheld and the revenues challenge dismissed. Case-Laws Income Tax Tue, 16 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785544