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I.T.A. No.557/Asr/2024 Assessment Year: 2019-20

6. During the course of assessment proceedings, the assessee explained that she has purchased a plot of land with plot size of 21 kanals and 8 marlas at khasra no. 940 min., mutation no. 1698 area chowadi at a total price of Rs.7,57,56,000/- which was the set forth value as per the deed of conveyance(as well as the circle rate),the payment of which has been made through bank channel and reflected in bank accounts. However, the assessee denied having any knowledge of the contents of the impounded white sheet containing particulars of agreed rates and circle rates.On the other hand the AO alleged that the difference amount of Rs.2.05 cores, flowing from the figures contained in the impounded documents (agreed rates minus circle rates) must have been paid in cash by the assessee to the seller out of her unaccounted money.

23. The loose sheet of paper which is a TYPED document (not handwritten), unsigned and without any date, contains certain particulars regarding measurements and details of its location and identity of a plot of land, which has been purchased by the assessee from a seller (one Sk Abdul Hamid), duly registered vide deed of conveyance executed on 6th June, 2018,at applicable circle rates (set forth deed value being same), and payments made through bank channel. So far there is no dispute.