TMI Blog2003 (3) TMI 296X X X X Extracts X X X X X X X X Extracts X X X X ..... d the arguments of both the sides and also perused the records. 3. The Revenue has raised the sole ground disputing the deletion of addition of Rs. 19,900 made by AO on account of deemed gift under s. 4(1)(a) of GT Act, 1958. The learned Departmental Representative of Revenue has contended that the assessee sold a shop mentioning sale consideration of Rs. 2,54,000 in the sale deed, He has conten ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioned in the sale deed. He has also contended that the value taken by the Sub-Registrar for the purposes of stamp duty cannot be taken as actual sale consideration, nor can the difference on the basis of stamp duty valuation be treated as a deemed gift, nor can the same be added accordingly. He has relied on CGT vs. R. Jawahar (1996) 133 CTR (Mad) 119 : (1996) 217 ITR 59 (Mad) and Kodisetty Suryan ..... X X X X Extracts X X X X X X X X Extracts X X X X
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