SRI S S JYOTHI PRAKASH vs. THE ADDL COMMISSIONER

The appeal is allowed accordingly

Bench: JAYANT PATEL,B.SREENIVASE GOWDA

depreciation. Hence, it is not guess work or estimate as relied upon by the assessee. It is based on the rate of the property sold during the relevant time in that area which was collected from the office of the Sub-registrar, Shimoga. Since the unexplained investment on the basis of value determined by the stamp duty authority is less