https://www.taxtmi.com/caselaws?id=221652 The High Court dismissed the appeal, upholding the decision to delete the addition based on the lack of evidence supporting the revenue's claim of extra consideration in the property transaction. The judgment emphasized the importance of the revenue meeting the burden of proof before relying on valuation reports for making additions under the Income Tax Act. en-us Wed, 06 Mar 2013 00:00:00 +0530 Wed, 15 May 2013 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221652 The High Court dismissed the appeal, upholding the decision to delete the addition based on the lack of evidence supporting the revenue's claim of extra consideration in the property transaction. The judgment emphasized the importance of the revenue meeting the burden of proof before relying on valuation reports for making additions under the Income Tax Act. Case-Laws Income Tax Wed, 06 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221652