https://www.taxtmi.com/caselaws?id=205077 The Tribunal allowed the revenue's appeal against the CIT(A)'s order deleting the addition of Rs. 15,22,500 under Section 69B of the Income Tax Act. The Tribunal directed the AO to reassess the case, emphasizing the need for the assessee to prove that Section 69B did not apply and that the recorded amount was the actual consideration paid. The burden of proof was placed on the assessee to demonstrate no additional consideration was passed, with the case being remanded for further examination based on the Tribunal's findings. en-us Fri, 08 Oct 2010 00:00:00 +0530 Wed, 08 Aug 2012 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205077 The Tribunal allowed the revenue's appeal against the CIT(A)'s order deleting the addition of Rs. 15,22,500 under Section 69B of the Income Tax Act. The Tribunal directed the AO to reassess the case, emphasizing the need for the assessee to prove that Section 69B did not apply and that the recorded amount was the actual consideration paid. The burden of proof was placed on the assessee to demonstrate no additional consideration was passed, with the case being remanded for further examination based on the Tribunal's findings. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205077