https://www.taxtmi.com/caselaws?id=408757 The Tribunal allowed the Revenue's appeals, setting aside earlier orders and restoring the issue for verification of actual costs of specific flats mentioned in the documents. The Tribunal emphasized the importance of considering prevailing market values and the need for a fresh assessment based on concrete evidence, highlighting the lack of substantial material to support extrapolation of discrepancies to all sales made over three years. en-us Thu, 10 Jun 2021 00:00:00 +0530 Mon, 21 Jun 2021 09:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408757 The Tribunal allowed the Revenue's appeals, setting aside earlier orders and restoring the issue for verification of actual costs of specific flats mentioned in the documents. The Tribunal emphasized the importance of considering prevailing market values and the need for a fresh assessment based on concrete evidence, highlighting the lack of substantial material to support extrapolation of discrepancies to all sales made over three years. Case-Laws Income Tax Thu, 10 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408757