https://www.taxtmi.com/caselaws?id=252813 The Tribunal upheld the validity of the unsigned draft agreement as evidence for determining the sale consideration of Rs. 3.06 crores. The retraction of statements by the legal heir was deemed invalid, and the property issues were considered known and factored into the agreed sale price. The Tribunal confirmed the assessment of undisclosed long-term capital gains based on the higher sale consideration, dismissing the appeal and upholding the CIT(A)'s decision. en-us Fri, 31 Oct 2014 00:00:00 +0530 Wed, 05 Nov 2014 06:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252813 The Tribunal upheld the validity of the unsigned draft agreement as evidence for determining the sale consideration of Rs. 3.06 crores. The retraction of statements by the legal heir was deemed invalid, and the property issues were considered known and factored into the agreed sale price. The Tribunal confirmed the assessment of undisclosed long-term capital gains based on the higher sale consideration, dismissing the appeal and upholding the CIT(A)'s decision. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252813