JILA SAHKARI KENDRIYA BANK MAYDT vs. ASST. COMMISSIONER OF INCOME TAX CIRCLE SAGAR, SAGAR
In the result, the appeal filed by the Revenue is dismissed
ITA 12/JAB/2017[2006-07]Status: DisposedITAT Jabalpur22 Sept 2023AY 2006-07
Bench: Shri Om Prakash Kantshri Pavan Kumar Gadaleasst. Commissioner Of Vs Shri Sarabjeet Singh Income Tax, Circle-2(1), Mokha, 1112, Jabalpur. Pachpedi, South Civil Lines, Jabalpur (Appellant) (Respondent) Pan No. Afxpm8245F Revenue By Shri Shravan Kumar Gotru, Cit Dr Assessee By Shri Rahul Bardia, Ca Date Of Hearing 15/09/2023 Date Of Pronouncement 22/09/2023
Section 10Section 132Section 153A
25%), (2) Sarabjeet
Singh Mokha (37.5%) and (3) Shri Ajay Sethi (37.5%), had constructed a hotel building which was sold to “Sethi” brothers. In the sale deed for stamp duty purpose, transaction value of the hotel building has been recorded at Rs.66 Lakhs whereas in the “agreement” to transfer found in the paper seized during the course of search, total