2015 (10) TMI 2720

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.... We have heard Sri Ashok Kumar, the learned counsel for the appellant. The present appeal relates to the assessment year 2008-09. The assessee sold property no.75/6, Halsey Road, Kanpur on a sale consideration of Rs. 51 lacs. However, for the purpose of payment of stamp duty, the value was determined by the Sub-Registrar, Kanpur Nagar at Rs. 2,28,11,625/- on which basis, the necessary stamp du....

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....he assessment year 2005-06. The department, being aggrieved, filed a second appeal before the Tribunal, which was rejected. Accordingly, the present appeal under Section 260A of the Income Tax Act has been filed. From a perusal of the order of the first appellate authority as well as of the Tribunal, we find that the registered sale agreement was executed on 27th January, 2005 and the sale cons....