2015 (11) TMI 1571

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..... Member) This Revenue's appeal for A.Y. 2006-07, arises from order of the CIT(A)-V, Surat dated 28-02-2012 in appeal no. CAS/V/206/11- 12, in proceedings under section 143(3) r.w.s. 147 of the Income Tax Act, 1961; in short "the Act". 2. The Revenue's sole substantive ground challenges the lower appellate order restricting addition of undisclosed income of Rs. 2,17,70,600/- made u/s. 50C of the A .....

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..... i.e. more than the disclosed sale of Rs. 16 lacs and less than the stamp price of Rs. 2,33,70,600/-. The CIT(A) has accordingly directed the Assessing Officer to compute capital gains as per DVO's report. This leaves the Revenue aggrieved. 4. We have heard both the parties. Case file perused. The Revenue's endeavor is to restore the entire addition sum of Rs. 2,17,70,600/- based on jantri price o .....

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