https://www.taxtmi.com/highlights?id=42191 Addition made u/s 56(2)(vii)(b)(ii) on account of purchase of immovable property - inadequate consideration - Once the transaction of purchase of property in question is completed in the preceding year then the provisions of Section 56(2)(vii)(b) of the Act cannot be invoked on such transaction en-us Mon, 22 Oct 2018 09:53:29 +0530 Mon, 22 Oct 2018 09:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=42191 Addition made u/s 56(2)(vii)(b)(ii) on account of purchase of immovable property - inadequate consideration - Once the transaction of purchase of property in question is completed in the preceding year then the provisions of Section 56(2)(vii)(b) of the Act cannot be invoked on such transaction Highlights Income Tax Mon, 22 Oct 2018 09:53:29 +0530 https://www.taxtmi.com/highlights?id=42191