is agreed to be sold for Rs.70 lakhs.
The Appropriate Authority in exercise of the powers under Chapter XX C of the Income Tax Act, 1961 companysidered that there is under statement of value of the property on the basis of that property companyprised in E 326, East of Kailash, New Delhi had been agreed to be sold for Rs.51 lakhs under an agreement dated May 23, 1993.
RAJENDRA BABU, J. Pursuant to an agreement entered into on August 28, 1993 the property companyprised in A 3, East of Kailash, New Delhi measuring 306 sq.
