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<h1>ITAT rules in favor of assessee: Stamp duty value not conclusive without evidence</h1> The Appellate Tribunal ITAT Jodhpur ruled in favor of the assessee for the assessment year 1994-95. The Revenue's appeal against the deletion of addition ... Deemed gifts The Appellate Tribunal ITAT Jodhpur ruled in favor of the assessee for the assessment year 1994-95. The Revenue's appeal against the deletion of addition of Rs. 19,900 as a deemed gift was dismissed. The Tribunal held that the value taken by the Sub-Registrar for stamp duty purposes cannot be considered as the actual sale consideration without evidence to support it. The appeal of Revenue was dismissed.