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of Applicability of Section 56(2)(x) and the jurisdiction of the Principal Commissioner of Income Tax (PCIT), Jaipur-1, in revising the order u/s 263. The key points are: The PCIT had appropriate jurisdiction as the assessee failed to provide proof of address change in the PAN database. The contention regarding non-applicability of Section 56(2)(x) was dismissed as the deeds for the property differed in area and consideration, indicating a deviation from the claimed transaction. The assessee failed to clarify or provide evidence that both deeds related to the same property. Details of TDS deduction u/s 194IA were also not provided, further weakening the assessee's case. Consequently, the PCIT's order applying Section 56(2)(x) was upheld by the Appellate Tribunal.
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