https://www.taxtmi.com/caselaws?id=363277 The ITAT upheld the addition of Rs. 7 lakhs as income from other sources for A.Y. 2013-2014, dismissing the assessee's appeal. The CIT(A) determined the real value of sale of furniture at Rs. 3 lakhs and found the sale consideration inflated to evade stamp duty. Despite the assessee's claims and evidence, the authorities concluded that the amount was rightly added to the assessee's income, as the sale of personal effects was not exempt from tax. The ITAT found no merit in the appeal, confirming the addition and dismissing the case. en-us Fri, 06 Jul 2018 00:00:00 +0530 Tue, 10 Jul 2018 09:43:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363277 The ITAT upheld the addition of Rs. 7 lakhs as income from other sources for A.Y. 2013-2014, dismissing the assessee's appeal. The CIT(A) determined the real value of sale of furniture at Rs. 3 lakhs and found the sale consideration inflated to evade stamp duty. Despite the assessee's claims and evidence, the authorities concluded that the amount was rightly added to the assessee's income, as the sale of personal effects was not exempt from tax. The ITAT found no merit in the appeal, confirming the addition and dismissing the case. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363277