2011 (10) TMI 467

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....e assessee has preferred this appeal challenging the order passed by the Tribunal which has upheld the order passed by the authorities making an addition of the difference in the amount between the agreement of sale and sale deed. 2. The assessee is the owner of the property measuring 23.37 cents situated in Bendorewell Road, Balrnatta, Mangalore. She entered into an agreement to sell the prope....

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.... Aggrieved by these three orders, the assessee is before this Court. 3. Learned counsel for the assessee assailing the impugned order contends that Rs. 27,00,000 the consideration mentioned in the sale deed is far above the guideline value and in fact the stamp duty is paid on a consideration in excess of the guideline value. He submits in the agreement of sale the consideration mentioned is on....

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.... consideration mentioned is Rs. 58,50,000. The valuation from the approved value obtained by his wife also shows and confirms the said valuation. Though an explanation is offered that these documents is obtained for the purpose of obtaining bank loan, absolutely no material is placed on record to substantiate the said contention. Even otherwise in the Court of law such contentions cannot be entert....