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Difference between agreed price for purchase of property and price registered in sale deed taxable
Case Law Details
- Case Name
- Bela Juneja Vs CIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Bela Juneja Vs CIT
High Court of Delhi
ITA No. 779/2011
Decided on: 23 May 2011
Judgment
Per : M L Mehta, J:
1. A search and seizure operation was carried out on 22nd September, 2005 under section 132 of the Income Tax Act, 1961 at the premises of Sh. Pravin Juneja at E-47, Greater Kailash-II, New Delhi and during the course of said search documents relating to sale and purchase of property were found. In those documents transaction had been carried out in the name of his wife Smt. Bela Juneja/appellant.
2. Notice under section 153A/153C of the Income Tax Act was issued calling upon the appell...
