https://www.taxtmi.com/caselaws?id=374597 The Appellate Tribunal upheld the decision of the Revenue authorities to include the total stamp valuation, rather than just the individual share, in determining the addition under Section 56(2)(vii)(b) of the Income Tax Act for jointly acquired property. The Tribunal dismissed the appeal of the assessee, emphasizing the importance of correctly applying the Act's provisions to ensure accurate determination of taxable income in property acquisition cases. en-us Fri, 07 Dec 2018 00:00:00 +0530 Tue, 05 Feb 2019 06:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374597 The Appellate Tribunal upheld the decision of the Revenue authorities to include the total stamp valuation, rather than just the individual share, in determining the addition under Section 56(2)(vii)(b) of the Income Tax Act for jointly acquired property. The Tribunal dismissed the appeal of the assessee, emphasizing the importance of correctly applying the Act's provisions to ensure accurate determination of taxable income in property acquisition cases. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374597