https://www.taxtmi.com/caselaws?id=362128 The Tribunal ruled in favor of the appellant, deleting the disputed addition of Rs. 6,07,000 based on the variance between sale consideration and fair market value. The Tribunal emphasized that the difference fell within an acceptable margin and cited precedent that allowed for bona fide differences in property valuation. As a result, the charges under sections 234A, 234B, 234C, and penalty proceedings under section 271(1)(c) were not further discussed, as they were interconnected with the deleted addition. The appeal was allowed, and the order was pronounced on May 14, 2018. en-us Mon, 14 May 2018 00:00:00 +0530 Wed, 20 Jun 2018 11:30:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362128 The Tribunal ruled in favor of the appellant, deleting the disputed addition of Rs. 6,07,000 based on the variance between sale consideration and fair market value. The Tribunal emphasized that the difference fell within an acceptable margin and cited precedent that allowed for bona fide differences in property valuation. As a result, the charges under sections 234A, 234B, 234C, and penalty proceedings under section 271(1)(c) were not further discussed, as they were interconnected with the deleted addition. The appeal was allowed, and the order was pronounced on May 14, 2018. Case-Laws Income Tax Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362128