AO can’t make sec. 69 addition relying upon assessee’s valuation report without making reference to DVO : ITAT

INCOME TAX : Where assessee-company had been consistently making provisions for payment of expenses at end of each year and in case a short provision made, payment of such shortage was made by assessee when actual bills were received, in view of said method of accounting being followed by assessee, prior period expenses being crystallized and paid during considering year were to be allowed as deduction under section 37(1)

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000321426/ao-can’t-make-sec-69-addition-relying-upon-assessee’s-valuation-report-without-making-reference-to-dvo-itat.aspx
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