Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasad, Judicial Memebr आयकर अपील सं./I.T.A. No. 750/Rjt/2014 ("नधा"रण वष" / Assessment Year : 2011-12)

price of the land in question was agreed at Rs.2,57,00,000/- out of which Rs.1,71,25,000/- was paid on various dates in various installments aggregating to Rs.171.25 Lakhs in cash. It was also seen from the statement of Mr. Dineshbhai Pedhadia, Director of the Company that the assessee wanted to purchase the land for the factory