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2023 (12) TMI 352 - HC - Income TaxAssessment u/s 153A - Unaccounted capital gain from sale of immovable property - addition was made on the basis of valuation report prepared by Shri Pankaj Mistry, Valuer which was accepted and never objected to by the assessee - Whether Tribunal has erred holding that there was no incriminating material without appreciating that the addition was based on the Valuation Report which in itself is an incriminating material and deleted addition? - HELD THAT:- We are of the opinion that there is no infirmity in the impugned order passed by the appellate authority as the appellant has failed to obtain any corroborative material put to the valuation report to come to the conclusion that any amount is received by the assessee on sale of the property in question and what is declared in the books of account. There is no allegation that the consideration declared by the assessee was above the value taken for the purpose of stamp duty by the valuation authorities as per provisions under Section 50C of the Act. No substantial question of law.
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