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2013 (1) TMI 130 - ITAT CHANDIGARHUndisclosed income - Unaccounted sums of money - Unexplained investment in the purchase of property – Purchase consideration as per sale deed was Rs. 3.70 lakhs whereas sale consideration as per seller was Rs. 38 lakhs – Seller filled revised return on 31.3.2001 in which sale consideration was declared at Rs. 38.00 lakhs – Held that:- Following the decision in case of Shashi Kiran (2010 (8) TMI 767 - PUNJAB AND HARYANA HIGH COURT) and concluding from the facts that the seller has given a categorical statement during cross examination that they had received a sum of Rs. 38.00 lakhs as total consideration including Rs. 35.30 lakhs as cash in addition to Rs. 3.70 lakhs stated in the sale deed. Further this amount has been duly declared by the seller in their revised return and the assessee has not been able to controvert this evidence. In favour of revenue
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