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2011 (10) TMI 467 - KARNATAKA HIGH COURTDifference in the amount of consideration between the agreement of sale and sale deed - agreement to sale mentions consideration of Rs 58.50 lacs whereas consideration mentioned in the sale deed is Rs. 27 lacs - consideration of Rs 58.50 lacs also supported by Valuation report - Held That:- Once there is an agreement of sale which gives the correct valuation to which the assessee is a party which is confirmed by the valuation of an approved valuer, nothing more is required to come to the conclusion that the consideration for the sale is Rs. 58,50,000. That consideration is not mentioned in the sale deed and what is mentioned is not the true consideration. addition sustained - Decided against assessee.
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