No additions if difference between amount shown in registered deed and cash received was deposited in Bank a/c: ITAT

INCOME TAX : Where AO rejected assessee's explanation that amount deposited in bank account represented difference between amount shown in registered sale deed of property and amount actually received in cash and added same to assessee's taxable income under section 69A, in view of fact that no evidence on record was taken into consideration for valuation of specific piece of land at relevant point of time, impugned order was to be set aside and, matter was to be remanded back for disposal afres

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