To add the difference between Market Value and sale value , department has to prove that the assessee had received more than what is declared

CIT Vs. Rajendra Seclease Ltd. (Delhi HC) – In absence of evidence to show either that the sales were sham transactions or that the market prices were in fact paid by the purchasers; the mere fact that the goods were sold at a concessional rate to benefit the purchasers at the expense of t

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