CIT and Anr Vs. R Hanumaiah Associates [ITA Nos 3225, 3224 of 2005, dtd. 12.07.2011]
No addition can be made on account of the unexplained investment on the basis of the DVO findings when the assessee satisfactorily explains that the difference was on account of the construction expenditure incurred, which was not considered by the DVO.
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