Held that the Revenue has found Ikarnama (Agreement) to sell the ancestral property with hand written jotting of receipt of cash and his signature, it cannot be assumed that the addition was made on the basis of presumptions. Matter is remanded to the file of the Assessing Officer for verification and decide accordingly. (AY. 2011-12, 2012-13)
Late Shtrinath Tandon Through L/H Smt. Anju Tandon v. ITO (2023) 226 TTJ 9 (UO) (Jabalpur)(Trib)
S. 153C : Assessment-Income of any other person-Search-Undisclosed income-Ikarnama (Agreement)-Matter remanded to the Assessing Officer. [ S.68]