https://www.taxtmi.com/caselaws?id=244696 The Tribunal upheld the sale consideration of Rs. 7.36 Crores as per the sale deed, rejecting the higher amount claimed by the Assessing Officer based on the MOU. The Tribunal found no evidence of additional cash transactions beyond the sale deed amount and considered the restricted land use due to reservations, justifying the lower sale price. The reliance on stamp value determination was deemed appropriate, and the profit-sharing percentage in the MOU was considered in determining the actual sale price. The Tax Appeal was dismissed, with no legal issues identified from the Tribunal's decision. en-us Mon, 24 Feb 2014 00:00:00 +0530 Fri, 04 Apr 2014 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244696 The Tribunal upheld the sale consideration of Rs. 7.36 Crores as per the sale deed, rejecting the higher amount claimed by the Assessing Officer based on the MOU. The Tribunal found no evidence of additional cash transactions beyond the sale deed amount and considered the restricted land use due to reservations, justifying the lower sale price. The reliance on stamp value determination was deemed appropriate, and the profit-sharing percentage in the MOU was considered in determining the actual sale price. The Tax Appeal was dismissed, with no legal issues identified from the Tribunal's decision. Case-Laws Income Tax Mon, 24 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244696