2017 (6) TMI 1049

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....gainst the judgment of the Tribunal allowing the appeal of the assessee. 2. The Revenue has filed the present appeal on the following ground : (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in deleting the addition made by the Assessing Officer u/s 69B of the Act, of Rs. 1,06,18,870/ignoring the comparable prevailing rates of the pr....

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....h, the order of the Tribunal deleting the addition under Section 69B of the Act is erroneous. The same is also improper, considering the facts of the present matter. 4. We have gone through the judgment of the Assessing Officer, CIT(A) and the Tribunal. 5. It has been observed by the Tribunal that the comparable sales instances produced on record are of commercial properties and the property....