Buyer paid Rs 6.5 crore for property valued at Rs 8.85 crore for stamp duty purposes; tax dept sent notice for unexplained property investment u/s 69B; here's why buyer won in ITAT Mumbai

Chennai man sold Rs 1.93 crore worth property for Rs 94 lakh; took money in bank a/c; tax dept sent Section 50C notice to tax the differential amount of Rs 99 lakh; he wins case…

Buyer paid Rs 6.5 crore for property valued at Rs 8.85 crore for stamp duty purposes; tax dept sent notice for unexplained property investment u/s 69B; here's why buyer won in…