2023 (11) TMI 36

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....d Ms Reena Gandhi, Advs. For the Respondents Through: Mr Shlok Chandra, Sr Standing Counsel with Ms Priya Sarkar, Standing Counsel. RAJIV SHAKDHER, J. (ORAL): CM No.40781/2023 1. Allowed, subject to just exceptions. W.P.(C) 10513/2023 & CM No. 40780/2023 [Application filed on behalf of the petitioner seeking interim relief] 2. Issue notice. 2.1 Mr Shlok Chandra, learned senior....

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....hat the subject immovable property was sold by the petitioner to two persons, i.e., Mr Sriram Jayaraman Subramanian and Ms Kamakshi Sriram Iyer for a cumulative amount of Rs. 1,20,25,000/-. 6.1 According to Mr Gulati, the petitioner had purchased the subject immovable property in 2010 for Rs. 75,45,096/-. 6.2 It is also Mr Gulati's submission that the purchase of the subject property was par....

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....e has taken umbrage due to the petitioner's failure to submit the sale deed/agreement to sell, certificate of transfer of rights by the builder and/or the possession letter. 9.1 Mr Gulati says that had these documents been asked for, they would have been submitted by the petitioner, 10. A perusal of the order passed under Section 148A(d) of the Act shows that, according to the AO, he appears....

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....rther documents in support of his defence (to which, we have made a broad reference hereinabove). 15. The AO will also deal with the stand of the petitioner that the subject property which was sold, was bought in and about 2010, at the price indicated hereinabove. 16. Therefore, the AO will, in any event, deal with Mr Gulati's submission that notwithstanding the fact that Return of Income (R....