2025 (10) TMI 750

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....nt Year 2016-17, arises against the CIT(A)/NFAC, Delhi's DIN & order No. ITBA/NFAC/S/250/2024-25/1067045048(1) dated 26.07.2024 in proceedings u/s 271(1)(c) of the Income Tax Act, 1961 (in short "the Act"). 2. Case called twice. None appears at the assessee's behest. It is accordingly proceeded ex-parte. 3. Learned departmental representative vehemently argues during the course of hearing th....

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....lay wherein a difference of more than 10% margin rises between actual sale price and stamp value of the residential units/stock-in-trade sold by an assessee's. There is not even an iota of evidence against the assessee that it had actually charged anything over and above the actual sale price since an addition u/s 43CA is more in the nature of deemed income only. The tribunal therefore quotes CIT ....