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2012 (7) TMI 628 - ITAT, AHMEDABADAddition u/s 69 B as additional purchase cost of his property - assessee had purchased the flat at Rs.62 lacs but Stamp Valuation Authority had valued the said flat for stamp duty purposes at Rs.63,40,500 - Held that:- AO has not brought on record any other evidence except the report of the DVO that the assessee has paid more than agreed consideration - assessee filed comparable cases of the same society or nearby area whereas the DVO has taken comparable cases of quite far away area. Therefore no addition could be made u/s 69 in the absence of any cogent evidence, thus the addition confirmed by the learned CIT(A)is deleted - in favour of assessee.
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