Bench: Sh. Sanjay Arorai.T.A. No. 75/Asr/2018 Assessment Year: 2011-12
section 56(2)(viib), which provision thus became clearly applicable, and made an addition for Rs.5,05,515/- applying the collector rate as on 07.01.2011. The assessee’s claim that he had in fact paid Rs.3.95 lacs to Sh. Gurudev Singh, of which of course there was no mention in the SPA, was rejected by the AO as an afterthought