https://www.taxtmi.com/caselaws?id=55567 The Tribunal dismissed all the Revenue's appeals, upholding the CIT(A)'s decisions to delete additions on account of construction costs and accept returns filed under VDIS. The AO's estimates were deemed arbitrary and lacking basis, with the Tribunal emphasizing the absence of defects in the books of accounts. The CIT(A) found no justification for rejecting the returns, noting they were filed to resolve issues and not conceal income. The Tribunal concurred, highlighting the AO's reliance on the DVO's report as misplaced, ultimately determining no concealment and supporting the acceptance of VDIS returns. en-us Wed, 29 Oct 1997 00:00:00 +0530 Sat, 05 Mar 2016 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55567 The Tribunal dismissed all the Revenue's appeals, upholding the CIT(A)'s decisions to delete additions on account of construction costs and accept returns filed under VDIS. The AO's estimates were deemed arbitrary and lacking basis, with the Tribunal emphasizing the absence of defects in the books of accounts. The CIT(A) found no justification for rejecting the returns, noting they were filed to resolve issues and not conceal income. The Tribunal concurred, highlighting the AO's reliance on the DVO's report as misplaced, ultimately determining no concealment and supporting the acceptance of VDIS returns. Case-Laws Income Tax Wed, 29 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55567