https://www.taxtmi.com/caselaws?id=385284 The Tribunal found in favor of the assessee, ruling that the provisions of Section 56(2)(vii)(b) were not applicable as the transaction fell within the proviso's exemption criteria. The Tribunal set aside the lower authorities' orders, allowing the appeal and concluding that the difference amount was not to be taxed as income from other sources under Section 56(2)(vii)(b). The decision was pronounced on 30th August 2019. en-us Fri, 30 Aug 2019 00:00:00 +0530 Sat, 31 Aug 2019 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385284 The Tribunal found in favor of the assessee, ruling that the provisions of Section 56(2)(vii)(b) were not applicable as the transaction fell within the proviso's exemption criteria. The Tribunal set aside the lower authorities' orders, allowing the appeal and concluding that the difference amount was not to be taxed as income from other sources under Section 56(2)(vii)(b). The decision was pronounced on 30th August 2019. Case-Laws Income Tax Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385284