https://www.taxtmi.com/caselaws?id=14651 Section 52(2) of the Income-tax Act, 1961 was held inapplicable where the Tribunal found no material showing that the declared sale consideration was false or that any additional amount had been received over and above what was disclosed. Applying the governing interpretation of section 52(2), the Court accepted that the provision could not be invoked when the consideration stated by the assessee was genuine and accurate. The assessee's case for the assessment year 1970-71 therefore did not attract section 52(2). en-us Thu, 07 Sep 2000 00:00:00 +0530 Fri, 17 Jul 2009 17:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14651 Section 52(2) of the Income-tax Act, 1961 was held inapplicable where the Tribunal found no material showing that the declared sale consideration was false or that any additional amount had been received over and above what was disclosed. Applying the governing interpretation of section 52(2), the Court accepted that the provision could not be invoked when the consideration stated by the assessee was genuine and accurate. The assessee's case for the assessment year 1970-71 therefore did not attract section 52(2). Case-Laws Income Tax Thu, 07 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14651