https://www.taxtmi.com/caselaws?id=237651 The High Court upheld the ITAT's decision, emphasizing the importance of concrete evidence in tax assessments. It found that the unsigned sale agreement photocopy lacked validity once a registered sale deed was executed, and criticized the Assessing Officer's reliance on guesswork. The Court dismissed the Revenue's appeal, highlighting the lack of substantial proof to support their claims of undisclosed income. Ultimately, the Court supported ITAT's decision and concluded that the unsigned agreement held no legal weight in determining the consideration amount for the property. en-us Wed, 10 Jul 2013 00:00:00 +0530 Fri, 04 Oct 2013 01:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237651 The High Court upheld the ITAT's decision, emphasizing the importance of concrete evidence in tax assessments. It found that the unsigned sale agreement photocopy lacked validity once a registered sale deed was executed, and criticized the Assessing Officer's reliance on guesswork. The Court dismissed the Revenue's appeal, highlighting the lack of substantial proof to support their claims of undisclosed income. Ultimately, the Court supported ITAT's decision and concluded that the unsigned agreement held no legal weight in determining the consideration amount for the property. Case-Laws Income Tax Wed, 10 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237651