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2013 (10) TMI 106 - HC - Income TaxEvidentiary value of the documents seized – AO had relied on a photocopy of an unsigned sale agreement - Held that:- Unsigned photocopy of the agreement for purchase of the property cannot be a material to rely on, when the registered sale deed has been produced and the same shows that the property was purchased at a price of Rs.23,50,000/-. This registered sale deed was disclosed at the time of original assessment - Agreement of sale loses its force, the moment registered sale deed is executed. If the property has been purchased at a higher price than that of mentioned in the purchase deed, then the onus is on the Assessing Officer to establish that – Decided against the Revenue.
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