Addition under Section 69A fails when DVO report accepts declared property prices, while Section 271B penalty stands without reasonable cause.
Addition under Section 69A fails when DVO report accepts declared property prices, while Section 271B penalty stands without reasonable cause. Issue Whether additions under Section 69A based on a seized diary can be sustained when a Departmental Valuation Officer (DVO) report under Section 142A accepts declared property prices as matching fair market value. Whether penalty… Read More »