https://www.taxtmi.com/caselaws?id=126775 In disputes over understatement of sale consideration, the Revenue may initially bear the burden of proving that the figure in the sale deed is not the transaction value, but that burden can be discharged through admissions, surrounding circumstances, presumptions of law and fact, and other material showing concealment. Here, the seller had admitted the higher consideration in his return and proceedings, and the assessee produced no evidence to rebut that position or show that the deed reflected the true bargain. The rule against oral evidence varying a document did not prevent reliance on third-party material in these facts. The addition was upheld and the assessee's challenge failed. en-us Fri, 13 Aug 2010 00:00:00 +0530 Sat, 05 Jan 2013 13:02:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126775 In disputes over understatement of sale consideration, the Revenue may initially bear the burden of proving that the figure in the sale deed is not the transaction value, but that burden can be discharged through admissions, surrounding circumstances, presumptions of law and fact, and other material showing concealment. Here, the seller had admitted the higher consideration in his return and proceedings, and the assessee produced no evidence to rebut that position or show that the deed reflected the true bargain. The rule against oral evidence varying a document did not prevent reliance on third-party material in these facts. The addition was upheld and the assessee's challenge failed. Case-Laws Income Tax Fri, 13 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126775