2003 (3) TMI 296

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....order of Dy. CIT(A), Jaipur, dt. 12th Dec., 1997. 2. We have heard the arguments of both the sides and also perused the records. 3. The Revenue has raised the sole ground disputing the deletion of addition of Rs. 19,900 made by AO on account of deemed gift under s. 4(1)(a) of GT Act, 1958. The learned Departmental Representative of Revenue has contended that the assessee sold a shop mentioni....

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....ceived anything in excess of the aforesaid sale consideration as mentioned in the sale deed. He has also contended that the value taken by the Sub-Registrar for the purposes of stamp duty cannot be taken as actual sale consideration, nor can the difference on the basis of stamp duty valuation be treated as a deemed gift, nor can the same be added accordingly. He has relied on CGT vs. R. Jawahar (1....