https://www.taxtmi.com/caselaws?id=386009 The court allowed the appeal, quashing the Income Tax Appellate Tribunal's order. It held that there could be no presumption for adding undisclosed investment under Section 69B based on the variance between stamp duty valuation and actual purchase price. The court ruled in favor of the appellant-assessee, emphasizing the necessity of concrete evidence before invoking provisions like Section 69B and Section 263. en-us Tue, 20 Aug 2019 00:00:00 +0530 Tue, 17 Mar 2026 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386009 The court allowed the appeal, quashing the Income Tax Appellate Tribunal's order. It held that there could be no presumption for adding undisclosed investment under Section 69B based on the variance between stamp duty valuation and actual purchase price. The court ruled in favor of the appellant-assessee, emphasizing the necessity of concrete evidence before invoking provisions like Section 69B and Section 263. Case-Laws Income Tax Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386009