2013 (12) TMI 197

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..... the starting point of investigation and further detailed verification was not been carried out - In the absence of the said investigation and evidence - Decided against Revenue. - ITA No. 485/2013 - - - Dated:- 6-11-2013 - Sanjiv Khanna And Sanjeev Sachdeva, JJ. For the Petitioner : Mr. Sanjeev Sabharwal, Sr. Standing Counsel For the Respondent : Mr. Piyush Kaushik, Adv. ORDER .....

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..... to sell but addition of Rs.1.15 crores was made. The draft agreement to sell could have been the starting point of investigation and further detailed verification, which has not been carried out. In the absence of the said investigation and evidence, it is not possible to hold that the orders passed by the first appellate authority and the tribunal are perverse. We also note that the stand of th .....

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