Addition U/s. 50C for mere variance with Stamp Duty Valuation without investigation not justified

No addition can be sustained in this case, as, neither there is any investigation whatsoever made by the Assessing Officer nor was any evidence gathered by him. Merely because the market value as per the stamp valuation authorities and the sale price are at variance, no addition can be made to the business income. The Assessing Officer ought to have adduced evidence to prove that the sale consideration  was, in fact, greater than that which was mentioned in the registered documents. The Assessing Officer neither found any defects in the books of account nor has

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