SRI. MALLIKARJUN B. GUNDUR,HUBBALLI vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, , HUBBALLI
In the result, appeals of the assessee are dismissed
ITA 1200/BANG/2019[2013-14]Status: DisposedITAT Bangalore23 Aug 2021AY 2013-14
Bench: Shri N.V. Vasudevan & Shri Chandra Poojari
For Appellant: Shri. V. Narendra Sharma, Shri. Pranav Krishna, AdvocatesFor Respondent: Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru
Section 143(3)Section 147Section 148Section 263
house property.
ITA Nos.1198 to 1200/Bang/2019
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3. The CIT also noticed that the DVO in his report had valued the property at Rs.78,82,000/- as against the book value of Rs.52,14,444/-.
There was thus a difference of Rs.26,67,556/- which had to be brought to tax as unexplained investment