https://www.taxtmi.com/caselaws?id=174580 The High Court upheld the Tribunal's decision to delete the addition made by the Assessing Officer under Section 69B of the Income Tax Act. The Court agreed with the Tribunal that the additional stamp duty paid was not an unexplained investment but was done to secure clear title of the property. It was emphasized that the rates adopted by the Stamp Valuation Authority cannot be equated to the actual purchase price. As such, the Court dismissed the Tax Appeal, finding no error in the Tribunal's decision and no legal question arising from it. en-us Wed, 21 Sep 2011 00:00:00 +0530 Mon, 12 Oct 2015 12:13:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174580 The High Court upheld the Tribunal's decision to delete the addition made by the Assessing Officer under Section 69B of the Income Tax Act. The Court agreed with the Tribunal that the additional stamp duty paid was not an unexplained investment but was done to secure clear title of the property. It was emphasized that the rates adopted by the Stamp Valuation Authority cannot be equated to the actual purchase price. As such, the Court dismissed the Tax Appeal, finding no error in the Tribunal's decision and no legal question arising from it. Case-Laws Income Tax Wed, 21 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174580