https://www.taxtmi.com/caselaws?id=457440 The High Court upheld the Tribunal's decision to remit the case for further examination concerning the applicability of section 52(2) of the Income Tax Act, 1961. The Tribunal admitted affidavits from purchasers indicating additional consideration beyond the sale deed amount, which were not initially presented. The Court affirmed the Tribunal's discretion to consider such evidence to determine the correct tax liability, ruling in favor of the Revenue and awarding costs. en-us Fri, 23 Feb 1990 00:00:00 +0530 Thu, 19 Sep 2024 17:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457440 The High Court upheld the Tribunal's decision to remit the case for further examination concerning the applicability of section 52(2) of the Income Tax Act, 1961. The Tribunal admitted affidavits from purchasers indicating additional consideration beyond the sale deed amount, which were not initially presented. The Court affirmed the Tribunal's discretion to consider such evidence to determine the correct tax liability, ruling in favor of the Revenue and awarding costs. Case-Laws Income Tax Fri, 23 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457440