Addition for difference in property value: ITAT directs readjudication

Sunder Lal Vs ITO (ITAT Delhi) Introduction: The cases of Sunder Lal vs. ITO (ITAT Delhi) for Assessment Years 2011-12 and 2012-13 revolve around issues concerning the deposit of sale consideration into a bank account. These cases highlight the challenges faced due to a lack of effective representation before the lower authorities and the subsequent direction by the Income Tax Appellate Tribunal (ITAT) for re-adjudication. Assessment Year 2011-12: In the case related to Assessment Year (AY) 2011-12, the assessment was reopened under Section 147 of the Income-tax Act, 1961, and the assessment w...