https://www.taxtmi.com/caselaws?id=264192 The Supreme Court upheld the High Court's decision in a case involving the undervaluation of property for tax purposes under Section 269UD(I) of the Income Tax Act. The High Court found significant differences between the Sale Instance Property (SIP) and the Property Under Consideration (PUC), emphasizing that the value of the PUC should not solely rely on the SIP. The Supreme Court agreed with this analysis, concluding that the High Court's factual findings and legal interpretation were sound. Therefore, the appeal was dismissed, affirming the High Court's decision. en-us Fri, 24 Jul 2015 00:00:00 +0530 Sat, 19 Sep 2015 06:00:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264192 The Supreme Court upheld the High Court's decision in a case involving the undervaluation of property for tax purposes under Section 269UD(I) of the Income Tax Act. The High Court found significant differences between the Sale Instance Property (SIP) and the Property Under Consideration (PUC), emphasizing that the value of the PUC should not solely rely on the SIP. The Supreme Court agreed with this analysis, concluding that the High Court's factual findings and legal interpretation were sound. Therefore, the appeal was dismissed, affirming the High Court's decision. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264192