2010 (12) TMI 59

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....year 2003-04. However, the assessing officer vide his order dated 16th January, 2006 treated the sale transaction to be sham and added the entire sale price as income under Section 68 of the Income Tax Act.   2. Aggrieved by the order dated 16th January, 2006, the assessee filed an appeal before the Commissioner of Income Tax (Appeals). It was allowed in part on 28.04.2008. The Commissione....