GUMAN SINGH KUSHWAH,SHIVPURI vs. INCOME TAX OFFICER, ASHOKNAGAR

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri M. Balaganeshgumnam Singh Kushwah, Vs. Income Tax Officer, Infront Of Collector Kothi, Ashok Nagar, Shiv Colony, Shivpuri, Mp Mp (Appellant) (Respondent) Pan: Bcjpk2729Q Assessee By : Shri Ashish Goyal, Ca Revenue By: Shri Anil Kumar, Sr. Dr Date Of Hearing 22/01/2026 Date Of Pronouncement 22/01/2026

201 of the Act. Further, the assessee had sold a property on 25-10-2013 for Rs 4 lakhs. The market value of the same was determined by the stamp duty authorities at Rs 12,40,000. Accordingly, the Learned AO applied the Gumnam Singh Kushwah provisions of section 50C of the Act and sought to substitute the sale consideration