Ramji Prasad, Faridabad vs Ito, Faridabad on 6 February, 2020
In tr s regard, it is pertinent to see Page 9 of the assessment order wherein
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ITA No.4740/Del/2015
Ramji Prasad vs. ITO
the property A-4 i.e. the property bought by the appellant) has once again been mentioned and it
is shown that the total transaction value of the property was Rs. 16,23,000/- on which
commission @ 1% has been received by the broker i.e. Shri Navneet Jhamb at Rs. 16,500/-
(rounded off). Thus, from analysis of the seized record seized from the residential premises of Shri
Navneet Jhamb, it is evident that the seized documents reflect the true state of affairs, as far as
the sale and purchase of these properties are concerned. It is absolutely clear that these are not
"projections".