RAKESH AGARWAL ,ALIGARH vs. PCIT AGRA-1, AGRA
In the result, both the appeals of the assessee are allowed
ITA 205/AGR/2025[2016-17]Status: DisposedITAT Agra13 Oct 2025AY 2016-17
Bench: Shri Sunil Kumar Singh & Shri Brajesh Kumar Singh
Section 142(1)Section 147Section 147oSection 148Section 263Section 50Section 50CSection 50C(1)Section 56(2)Section 56(2)(viib)
section 56(2) (viib) of the Act. The AO noted that the actual total consideration for the said property was Rs.
4,71,04,002/-, while the Circle Rate for the same was Rs.
9,01,23,000/- and since the assessee had 1/3rd share in the property, the consideration paid by the Assessee
