2007 (10) TMI 643

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....passed by the Income-tax Appellate Tribunal ('Tribunal'), Delhi Bench 'E' in ITA(SS) No. 141/Delhi/2002 relevant for the block period 1-4-1989 to 27-7-1999 and ITA(SS) No. 155/Delhi/2002. The present appeal has been preferred in respect of ITA(SS) No. 141/Delhi/2002. 2. The only question that has come up for consideration is with regard to the value of the property being the ground floor at E-16/....

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....ther appeal by the assessee, the Tribunal set aside the findings of the authorities below and accepted the case put forth by the assessee. The Tribunal noted that there was marital discord between the assessee and his wife about criminal proceedings had also been launched. In the circumstances, the Tribunal opined that the value of the property as indicated by the assessee's wife was not reliable.....