INDERPAL SINGH AHUJA vs. THE ASSESSING OFFICER-CUM-A.C.I.T. ORS

Bench: MR. JUSTICE AMARINDER SINGH GREWAL,MR. JUSTICE JAGMOHAN BANSAL

Section 260A can examine question of jurisdiction of Assessing Officer to enhance declared sale consideration. Having held that Assessing Officer had jurisdiction to enhance declared sale consideration for the purpose of assessment of capital gain, the question remains whether there was some evidence to reject declared value. The appellant is claiming that there was no concrete evidence to reject declared