ITO, WARD-2(2)(3), SURAT vs. MAHESHCHAND G. PATEL (HUF), SURAT

In the result, the grounds of appeal raised by the revenue are dismissed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Physical Hearing) I.T.O., Maheshchandra G. Patel (Huf), Ward-2(2)(3), 22, Vrajbhumi, Tirumala Society, In Vs. Surat. Front Of Balaji Nagar, Piplod, Surat. Pan No. Aajhm 2315 P Appellant/ Assessee Respondent/ Revenue

reassessment proceedings, recorded that during the search proceedings, certain incriminating material was seized vide Annexure A-1 and page No. 117 to 119 thereof, the actual rate of land was Rs. 15,777 per square yard, of land admeasuring 9927 square yard, (15,777 x 9927) on the basis of which the figure of on money of Rs. 15.26 crores