Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]

Affidavit - Assessee - Evidentiary Value - ITAT - LTCG - ITAT - taxscan

Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of Saktijit Dey, Judicial Member and Pradip Kumar Kedia, Accountant Member upholds addition of Long Term Capital Gain (LTCG) on the ground that affidavit filed by Assessee is vague and non-descript has no Evidentiary Value. The assessee, Surinder Kaur Sethi, sold one immovable property for Rs.9,25,00,000/- during…

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