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Unsigned sale agreement not conclusive: ITAT Hyderabad remands capital-gains addition for limited verification
Case Law Details
- Case Name
- Smt. Nomula Narmada Reddy Vs DCIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2023-24
- Courts
- All ITAT, ITAT Hyderabad
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Smt. Nomula Narmada Reddy Vs DCIT (ITAT Hyderabad)
Unsigned sale agreement not conclusive: ITAT Hyderabad remands capital-gains addition for limited verification
Hyderabad ITAT set aside the addition of ₹30.82 lakh made towards alleged undisclosed sale consideration & restored the matter to the Assessing Officer for limited verification.
Assessee had sold Plot No. 233 & disclosed sale consideration of ₹6.44 lakh as per the registered sale deed. During a search u/s 132 in a group case, an unsigned draft agreement of sale was found showing consideration of ₹37.26 lakh. Relying sole...
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