https://www.taxtmi.com/caselaws?id=207686 The court dismissed the Revenue's appeal, affirming the Commissioner's decision in favor of the assessee. It emphasized the Revenue's obligation to prove extra consideration received beyond the sale deed value, citing the need for concrete evidence to support claims of income understatement. The court highlighted the requirement for corroboration of the District Valuation Officer's opinion and reiterated legal principles from prior cases, ultimately ruling in favor of the assessee due to the lack of substantiated proof from the Revenue. en-us Fri, 03 Dec 2010 00:00:00 +0530 Sat, 15 Dec 2012 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207686 The court dismissed the Revenue's appeal, affirming the Commissioner's decision in favor of the assessee. It emphasized the Revenue's obligation to prove extra consideration received beyond the sale deed value, citing the need for concrete evidence to support claims of income understatement. The court highlighted the requirement for corroboration of the District Valuation Officer's opinion and reiterated legal principles from prior cases, ultimately ruling in favor of the assessee due to the lack of substantiated proof from the Revenue. Case-Laws Income Tax Fri, 03 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207686