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2013 (12) TMI 605 - HC - Income TaxUnderstatement of sale consideration - Held that:- The Tribunal has referred to the material produced by the assessee before the Assessing Officer, which included other contemporaneous sale deeds, copy of valuation certificate issued by the registered valuer etc - The said evidence was rejected by the Assessing Officer observing that “the value determined by the government authorities is more acceptable than the value determined by the registered valuer - The Assessing Officer has recorded the date of purchase and the value declared at the time of purchase, which was not disturbed - Decided against Revenue.
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