Assessing Officer not empowered to refer matter to DVO without rejecting Books of Accounts: ITAT [Read Order]

The Jabalpur Bench of Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer is not empowered to refer matters to Departmental Valuation Officer (DVO) without rejecting books of accounts. The CIT(A) for a consideration of and a decision on the merits of the case after allowing a reasonable opportunity to the assessee, Prince Rai […]
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