Landowner faced ₹3.41 crore tax on a ₹6.82 crore sale he never made; ITAT Ahmedabad deletes addition

An Ahmedabad landowner faced a ₹3.41 crore tax on a purported ₹6.82 crore property sale he never authorized. The Income Tax Appellate Tribunal (ITAT) deleted the tax addition, citing a civil court's ruling that declared the sale deed void due to fraud. The tax department's assessment remains under scrutiny as the title dispute continues in the Gujarat High Court.

Read the source (Mint Money)

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