Shashi Kiran vs Commissioner Of Income Tax on 13 August, 2010
4. Learned counsel for the assessee submitted that
mere fact that the seller declared the sale consideration to be
I.T.A. No.129 of 2010 6
higher in his return, was not enough to accept the said sale
consideration when the sale deed mentioned the consideration to
be lesser. The sale consideration mentioned in the sale deed has
to accepted finally and conclusively, in absence of evidence to the
contrary. Burden of proving higher consideration was on the
revenue which was not discharged. Reliance has been placed on
judgment of this Court dated 10.2.2010 in Paramjit Singh v. ITO,
Phagwara I.T.A. No.401, holding that oral evidence could not be
led to contradict terms of a document.