Reassessment on basis of district registrar’s info that land purchased for sum over that shown in ITR was justified

INCOME TAX : Where reopening notice was issued against assessee after four years from end of relevant year on basis of an information received from District Registrar that assessee had actually purchased lands for much higher amount than what was shown by it in its return of income and, thus, differential amount of expenses incurred on purchase of land was an unexplained expenditure, impugned reopening notice was justified

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198360/reassessment-on-basis-of-district-registrar’s-info-that-land-purchased-for-sum-over-that-shown-in-itr-was-justified.aspx