[aaykarbhavan] Case Law on Sale of Agricultural Land-Bank Deposit [1 Attachment]

Where assessee had deposited sale consideration in his bank account and himself had filed complaint about deficiency in stamp duty in sale deed and witness to sale deed and bank manager had confirmed stand taken by assessee, sale consideration could not be treated as undisclosed income of assessee

We, therefore, find it appropriate to direct the Registrar General of the Court to forward a copy of this judgment to the Chairman of the Central Board of Direct Taxes to cause an enquiry into the conduct and motives of Shri Yaduvansh Yadav, Income Tax Officer, Ward-1, Hapur in framing the assessment and raising demand of income tax against the petitioner

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Best Wishes

CA. V.M.V.SUBBA RAO
Chartered Accountant
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India
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Posted by: Nitesh More <moreassociate@gmail.com>

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