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2013 (12) TMI 539 - ITAT DELHIAddition u/s 50C – Held that:- The assessee has not been able to explain as to why provisions laid down u/s 50C are not applicable in his case – The valuation done by the stamp value authority has been accepted by A.O. – Decided against assessee. Cost of acquisition – Held that:- The assessee had furnished bifurcation of the indexed cost into various years which was not accepted by the authorities - The AO had given the logical estimation while reallocating such expenses into various years which was agreed upon by the assessee – Decided against assessee. Deduction u/s 54F - Held that:- The investment was made in a vacant plot and not in the residential house – The assessee was not able to prove otherwise – Decided against assessee. Penalty u/s 271(1)(c) – Held that:- There was no concealment of particulars of income or furnishing inaccurate particulars thereof on the part of the assessee on the above addition/disallowance to attract the penal provisions laid down u/s 271 (1) ( C) – Decided in favour of assessee.
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