https://www.taxtmi.com/caselaws?id=426609 The tribunal concluded that the minor difference in valuation (8.28%) between the fair market value and stamp duty value was within acceptable limits. Therefore, the addition made by the Assessing Officer under section 56(2)(vii)(b) of the Income Tax Act, 1961 was deleted, and the appeal of the assessee was allowed. The order was pronounced in the open court on 19/05/2022. en-us Thu, 19 May 2022 00:00:00 +0530 Sat, 20 Aug 2022 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426609 The tribunal concluded that the minor difference in valuation (8.28%) between the fair market value and stamp duty value was within acceptable limits. Therefore, the addition made by the Assessing Officer under section 56(2)(vii)(b) of the Income Tax Act, 1961 was deleted, and the appeal of the assessee was allowed. The order was pronounced in the open court on 19/05/2022. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426609