https://www.taxtmi.com/caselaws?id=14204 The High Court ruled in favor of the assessee regarding the applicability of section 52(2) of the Income-tax Act, 1961, based on the absence of material indicating any receipt beyond the declared consideration, in line with relevant legal precedents. The issue of deletion of the addition on account of reversionary value of the land was not addressed due to the favorable decision on the first issue. en-us Tue, 19 Dec 2000 00:00:00 +0530 Tue, 14 Jul 2009 13:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14204 The High Court ruled in favor of the assessee regarding the applicability of section 52(2) of the Income-tax Act, 1961, based on the absence of material indicating any receipt beyond the declared consideration, in line with relevant legal precedents. The issue of deletion of the addition on account of reversionary value of the land was not addressed due to the favorable decision on the first issue. Case-Laws Income Tax Tue, 19 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14204