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2017 (3) TMI 531 - AT - Income TaxUnexplained investment in land - assessee now is claiming that it had only 1/3rd interest in the property intended to be purchased - Held that:- In view of the overwhelming evidences that the appellant had entered into a deal to purchase this land and subsequent gone to get it registered; the eventual seller to her had registered it earlier as a purchaser; she was purported to be clearly 50% owner; no one can believe that she was entitled to such a benefit without spending a single rupee. We do not find any reason to deviate from the findings of the CIT. Hence, we would like to observe that once a registered statement is made before a Lawful authority it should normally be taken to be true. No one should be allowed to blow hot and cold in the same breathe to suit its personal interest before different authorities. Therefore, the addition confirmed by the Ld. CIT(A) of ₹ 25,50,000/- as undisclosed income, not reflected in the return of income is confirmed. - Decided against assessee
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