Stamp duty value considered as full value of consideration if amount received via bank

Jagdish Dhanajirao Jadhav Vs ITO (ITAT Pune) In the given case, the assessee is an individual engaged in the business of sale of construction material and labour contract in the name of M/s. Kamal Dhanu Industries, filed it’s return of income declaring total income of Rs.7,38,170/- for A.Y. 2014-15. The case was selected for limited scrutiny under CASS with the reason “Sale consideration of the property in ITR is less than the sale Consideration of property reported in AIR” and, accordingly, a notice u/s. 143(2) of the Income Tax Act, 1961 by the Assessing Officer and the sam...