AO made additions under section on account of difference in consideration paid by assessee on purchase of lands and value determined by Stamp Valuation Authority, since show cause notice proposing additions was received by assessee after assessment order was passed, assessment order is set aside. (AY. 2014-15)
Shailesh Mohanbhai Patel AT & PO. v. ITO (2023) 202 ITD 650 (Surat)(Trib.)
S. 56 : Income from other sources-Purchase of land-Violation of principle of natural justice-Show cause notice proposing additions was received after assessment order was passed- Order is set aside. [S. 50C, 56(2)(vii)]