INCOME TAX OFFICER, MOHALI vs. GURTEJ SINGH, MOHALI
In the result, appeal filed by the Revenue in ITA No
ITA 806/CHANDI/2024[2017-18]Status: DisposedITAT Chandigarh24 Apr 2025AY 2017-18
Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)
For Appellant: Shri Yogesh Monga, C.AFor Respondent: Shri Rohit Sharma, CIT DR
Section 147Section 56(2)Section 56(2)(vii)
reassessed the assessee’s income at Rs. 5,87,09,868/-, adding Rs. 4,63,21,268/- under section 56(2)(vii)(b) due to the difference between the stamp duty value of Rs. 8,24,08,250/- and the purchase price of Rs. 4,00,00,000/- of a property.
5.1
The order passed by the Ld. assessing officer