Sec. 68 additions justified if assessee inflated value of furnitures sold along with house to evade stamp duty

IT : Where assessee sold a house property including furniture in house and purchased another residential house, and it was found that cost of furniture sold was of much lesser amount against amount shown by assessee and main purpose of agreement for sale of furniture was to evede stamp duty involved in sale transaction, addition in respect of excess amount shown on sale of furniture under section 68 was justified

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