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2008 (2) TMI 412 - HC - Income TaxValuation – Stamp Duty Valuation – whether the consideration shown in the document of conveyance, is the actual amount paid by way of consideration to be taken to be undisclosed income of the assessee, or it is a deflated figure and, therefore, addition is required to be made - Held that - Admittedly, in the present case, apart from relying upon the Stamp Valuation Authority’s rates there is no other material and in our view, the Stamp Valuation Authority’s rates cannot be taken, by itself, as the price, for which the property was purchased by the seller for the purpose of making assessment under section 158BC read with section 158BB of the Act - The net result of the aforesaid discussion is that the question as framed is answered against the Revenue and in favour of the assessee
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