A reference was made to a case involving a Bangalore-based taxpayer, Sri S. R. Ravishankar vs. PCIT, in which the tribunal ruled against revisions based on estimated valuations in search cases unless ...
However, regarding the addition of Rs. 12,20,600 for the property investment, the ITAT concurred with the CIT (A) that there was no sufficient linkage between Smt. Yashoda Devi’s withdrawn amount and ...