Full value of consideration could not be substituted by market price if bona fide of the transaction not suspected

IN THE ITAT MUMBAI BENCH I’ SIL Employees Welfare Trust Versus Joint Commissioner of Income-tax, 15(3), Mumbai IT APPEAL NO. 4822 (MUM.) OF 2009 [ASSESSMENT YEAR 2005-06] AUGUST 8, 2012 ORDER Vijay Pal Rao, Judicial Member This appeal by the assessee is directed against the order dated 12.6.2009 of the Commissioner of Income Tax (Appeals) for the Assessment Year 2005-06. 2. The assessee has raised the following grounds:  1.  The Ld. CIT(A) erred in enhancing the assessment at the behest of the Assessing officer who had completed the assessment and such action of the Ld...