1982 (2) TMI 5

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....dgment of the court was delivered by G. P. SINGH C.J.-This is an appeal under s. 269H of the I.T. Act, 1961, against the order of the Tribunal dated 31st August, 1976. The facts briefly stated are that the appellant purchased a house situated at Bhopal on 13th February, 1973, by a registered sale deed. The consideration mentioned in the sale deed was Rs. 49,000. The Valuation Officer of the ....

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....h the object as is referred to in cl. (a) or cl. (b) of s. 269C(1). The learned counsel for the appellant has submitted before us that it is true that a presumption arose under s. 269C(2) that the consideration was not truly stated with the object mentioned in cl. (a) or cl. (b) of s. 269C(1) but that the appellant has been able to rebut the presumption by showing that correct entries were made in....