Tribunal held that there was evidence to show that the assesseee has paid more than the amount declared in the agreement. Additions cannot be made on presumptions. (AY. 2007-08, 2008-09)
Janapriya Engineers Syndicate Ltd. v. ITO (2019) 70 ITR 370 (Hyd.)(Trib.)/CIT v. Engineers Reddy Homes (P) Ltd ( 2019) 70 ITR 370 (Hyd) ( Trib)
S. 69B : Amounts of investments not fully disclosed in books of account–Purchase of land-No evidence to show that the under consideration was paid–No additions can be made on presumptions.