Undisclosed investment - land received from Aunt - Amount ...

Tax Authorities Confirm Land Investment Additions; No Dispute Over Sale Deed Details or Allegations of Misconduct.

March 18, 2020

Case Laws     Income Tax     AT

Undisclosed investment - land received from Aunt - Amount disclosed in the sale deed - Assessee stated that no amount paid to Aunt - It is not the case of the assessee that the contents of the sale deed were ambiguous or of such a nature which required elaboration or clarification through oral evidence. Nor she has alleged any fraud, misrepresentation, intimidation, or want of due execution or want of capacity in any executing party, or failure of consideration, or mistake in fact of law. - Additions confirmed - AT

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