properties, therefore, comes to Rs.
3500000/-. Thereafter, the assessee had purchased flat in Vaishali,
Ghaziabad on 23/06/2007 for Rs. 1775000/- and also commercial ... purchase of flat at Vaishali, for
which the purchase deed was registered on 23/06/2007. Since the said
flat had been purchased within
cash consideration paid by the appellant and his wife for purchasing Flat in
Page 9 of 39
Saket, New Delhi which was undisclosed ... cash consideration paid by the appellant and his wife for
purchasing flat in Saket, New Delhi which was undisclosed in |he registered
Sale Deed.
During
assessee
has not purchased one residential unit, which is combined in any manner. He
submitted that assessee has purchased one flat in Mumbai and constructed ... different house property i.e. first properties being a
flat purchased by the assessee at Mumbai and second house
property constructed by the assessee
flats in two flats (units) and sold
through two different registrations. The A.O. noted that
assessee has sold flat A-401 and flat ... clear that assessee has
purchased two residential flats at Andheri bearing flat A-
401 and flat B-401, 4th Floor, Brighton Tower Cooperative
judgment of Geeta
Duggal (supra) on the ground that two flats purchased
were adjacent to each other which in the present case is
not applicable ... flats which were situated adjacent to each other or side by
I.T.A. No.347/DEL/2017 7
side and the flats were purchased
claim that the flat was in fact gifted by her husband Shri Surojit Sen:
"The flat at Vasant Kunj was purchased by the husband ... there was consideration of Rs. 12 lacs inasmuch
as a flat purchased in Delhi in 1998 for Rs. 27 lacs cannot be
held
during the course of search against the
persons/parties who had purchased flats from Hiranandani Group and paid on
money especially in the case ... cash from various flat buyers mentioned against flat
no./shop no. This information was correlated against the names of actual purchasers
of the flats/shops
prevailing market rate. The AR further stated that the flat purchased by the
appellant on the 1st Floor which lacked air circulation and light ... Meerut to determine fair market
value of the flat purchased. The DVO vide his report dated 18-04-2018, after
considering the objections raised
return of income against flat booked in Mahajan
Shree CGHS. Regarding the other flat, the assessee submitted that it
was purchased on behalf of IASE ... IASE. In respect of purchase of flat in Mahajan
Shree CGHS the assessee submitted that the flat was purchased
both the flats. The Assessing Officer (AO) granted
benefit of exemption u/s. 54 of the Act on one flat purchased ... properties
i.e. Flat situated on 1st and 2nd floor, Block A-4, Paschim Vihar, New Delhi. Both
flats were purchased separately on two different
