Income Tax Act Section 56(2)(vii)(b) Applied to Property Transfer on March 31, 2013; Valuation Discrepancy Validated.

Income Tax Act Section 56(2)(vii)(b) Applied to Property Transfer on March 31, 2013; Valuation Discrepancy Validated. https://www.taxtmi.com/highlights?id=39457 Addition u/s 56(2)(vii)(b) - difference between Stamp duty Valuation and purchase consideration as per registered sale deed of immovable property - whether on date of transfer of immovable property i.e. on 31-03-2013, provisions of Sec. 56(2)(vii)(b) were not in force? - Held No - AT en-us Fri, 18 May 2018 08:19:40 +0530 Fri, 18 May 2018 08:19:40 +0530 TaxTMI RSS Generator Income Tax Act Section 56(2)(vii)(b) Applied to Property Transfer on March 31, 2013; Valuation Discrepancy Validated. https://www.taxtmi.com/highlights?id=39457 Addition u/s 56(2)(vii)(b) - difference between Stamp duty Valuation and purchase consideration as per registered sale deed of immovable property - whether on date of transfer of immovable property i.e. on 31-03-2013, provisions of Sec. 56(2)(vii)(b) were not in force? - Held No - AT Highlights Income Tax Fri, 18 May 2018 08:19:40 +0530 https://www.taxtmi.com/highlights?id=39457