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Tribunal quashes tax addition on Delhi property sale after department relied on chats and spreadsheets

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A husband and wife who jointly owned a property in Delhi were at the centre of a tax dispute over the sale. The Income Tax Department argued that buyers paid extra cash beyond the price recorded in the registered conveyance deed. The assessing officer put the total transaction value at about Rs 3.30 crore, while the sale deed listed Rs 1.60 crore. The department's case drew on digital chats and Excel sheets to support its claim. The Income Tax Appellate Tribunal ultimately quashed the addition made on that basis.

Read the full story at Times of India

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