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TMI Blog2013 (10) TMI 106X X X X Extracts X X X X X X X X Extracts X X X X ..... the same shows that the property was purchased at a price of Rs.23,50,000/-. This registered sale deed was disclosed at the time of original assessment - Agreement of sale loses its force, the moment registered sale deed is executed. If the property has been purchased at a higher price than that of mentioned in the purchase deed, then the onus is on the Assessing Officer to establish that – Decide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment dated 19.5.2002 seized vide Annexure A/RNLD/1 from the assessee s premises clearly indicates that the sale agreement was signed by the assessee (vendor) as well as the vendee? 3. Whether, in the facts and circumstances of the case and in law, ITAT is justified in dismissing the appeal of the Revenue, without appreciating that a copy of the receipt dated 19.5.2002 signed by the assessee and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t in order to find that consideration amount has been paid at Rs.1,68,00,000/-. Therefore, this amount was not disclosed. The learned Tribunal has correctly concluded that unsigned photocopy of the agreement for purchase of the property cannot be a material to rely on, when the registered sale deed has been produced and the same shows that the property was purchased at a price of Rs.23,50,000/-. T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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