https://www.taxtmi.com/caselaws?id=279586 The Tribunal allowed the appeal, emphasizing the need for concrete evidence to challenge declared sale consideration and rejecting the rejection of books solely based on price differences. The decision highlighted the importance of a factual basis to support additions in such cases, ruling that provisions of section 50C were not applicable as the property was held as stock-in-trade. en-us Mon, 18 Jul 2016 00:00:00 +0530 Wed, 27 Mar 2019 06:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279586 The Tribunal allowed the appeal, emphasizing the need for concrete evidence to challenge declared sale consideration and rejecting the rejection of books solely based on price differences. The decision highlighted the importance of a factual basis to support additions in such cases, ruling that provisions of section 50C were not applicable as the property was held as stock-in-trade. Case-Laws Income Tax Mon, 18 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279586