https://www.taxtmi.com/caselaws?id=429160 The Tribunal set aside the CIT(A)'s decision upholding the addition under section 56(2)(vii)(b)(ii) due to discrepancies between stamp duty values and sale consideration. The Tribunal directed reassessment by the AO, emphasizing the consideration of revised guideline values for fair market value determination. The appeal was allowed for statistical purposes, remanding the case for further assessment. en-us Wed, 12 Oct 2022 00:00:00 +0530 Wed, 19 Oct 2022 09:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429160 The Tribunal set aside the CIT(A)'s decision upholding the addition under section 56(2)(vii)(b)(ii) due to discrepancies between stamp duty values and sale consideration. The Tribunal directed reassessment by the AO, emphasizing the consideration of revised guideline values for fair market value determination. The appeal was allowed for statistical purposes, remanding the case for further assessment. Case-Laws Income Tax Wed, 12 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429160