https://www.taxtmi.com/caselaws?id=22234 HC allowed the revision, holding that the actual consideration in a property sale is a pure question of fact to be determined on the specific circumstances of each case, and cannot be inferred solely from the stamp duty valuation. The authorities had failed to consider the material circumstance that the purchased portion was under tenancy of the assessee's mother and was in occupation of the assessee's family, which could justify a lower sale price. Orders of all three authorities were quashed and the matter was remitted to the Assessing Officer for fresh determination of the actual consideration paid and for framing the assessment afresh in light of these observations. en-us Mon, 11 Mar 1991 00:00:00 +0530 Wed, 10 Dec 2025 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22234 HC allowed the revision, holding that the actual consideration in a property sale is a pure question of fact to be determined on the specific circumstances of each case, and cannot be inferred solely from the stamp duty valuation. The authorities had failed to consider the material circumstance that the purchased portion was under tenancy of the assessee's mother and was in occupation of the assessee's family, which could justify a lower sale price. Orders of all three authorities were quashed and the matter was remitted to the Assessing Officer for fresh determination of the actual consideration paid and for framing the assessment afresh in light of these observations. Case-Laws Income Tax Mon, 11 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22234