Interference with finding of fact not warranted if it involves re-appreciation of evidence: HC

PCIT Vs Shailja Pasricha (Delhi High Court)

Assessing Officer had in fact invoked Section 50C of the Act claiming that the sale consideration of Rs. 18 Crores received by the respondent was below the Circle Rate. This was clearly ignoring the fact that the sale consideration was in fact Rs. 35 Crores. The CIT(A) and the ITAT have given concurrent findings on the above. It is also not denied that M/s ESS ESS

Please become a Premium member. If you are already a Premium member, login here to access the full content.