https://www.taxtmi.com/caselaws?id=5862 The SC held that sub-section (2) of section 52 applies only when consideration for transfer has been understated by the assessee, meaning actual consideration received exceeds the declared amount. The burden of proving such understatement or concealment lies with the revenue authorities, not the assessee. en-us Fri, 04 Sep 1981 00:00:00 +0530 Wed, 14 May 2025 15:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5862 The SC held that sub-section (2) of section 52 applies only when consideration for transfer has been understated by the assessee, meaning actual consideration received exceeds the declared amount. The burden of proving such understatement or concealment lies with the revenue authorities, not the assessee. Case-Laws Income Tax Fri, 04 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5862