AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Reopening u/s 147 after 153A due to DVO report
X X X X Extracts X X X X
X X X X Extracts X X X X
....eopening u/s 147 after 153A due to DVO report<br> Query (Issue) Started By: - RAJESH SANGHVI Dated:- 26-12-2012 Last Reply Date:- 6-1-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>The assessment of ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....the builder assessee were completed u/s 153A. During asst proceedigns AO rejected books and made a reference to the DVO u/s 142A to determine cost of constructon. Wihtout DVO's report the asst made u/....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s 153A. The assessee won till ITAT. Now DVO report has come in which cost of cosntruction is take 25 lacs more than what the assessee has shown. Can AO reopen based on this. Before the ITAT itwas cont....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ested that DVO reference cannot be used to determine cost of construction because 69C is not covered u/s 142A. The ITAT appreciated this point. Reply By MARIAPPAN GOVINDARAJAN: The Reply: What is th....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e outcome of the ITAT?<br> Discussion Forum - Knowledge Sharing ....