(Per : HONOURABLE MR.JUSTICE AKIL KURESHI) Counsel for the appellant submitted that on purchase of agricultural land by the assessee, the Assessing Officer made addition of Rs.9.02 lakhs under Section 69B of the Act only on the basis of higher valuation adopted by the Stamp Duty officer for the purpose of stamp collection. She submitted that in appeal, CIT(Appeals) had deleted addition. However, Tribunal restored the same by impugned order.
Counsel relied on following decisions of this Court :
Commissioner of Income-tax-I v. Vishal Sushilkumar Poddar in Tax Appeal No.2296/2009.
Commissioner of Income-tax-I v. Manjula Dharmesh Patel in Tax Appeal No.1324/2010.
Issue notice for final disposal, returnable on 8.2.2012.
Direct service is permitted.
(Akil Kureshi,J.) (Ms.
Sonia Gokani,J.) (raghu) Top