https://www.taxtmi.com/caselaws?id=431511 The Income Tax Appellate Tribunal (ITAT) upheld the addition under section 56(2)(vii)(b) of the Act for differential consideration between guideline value and actual consideration paid for property. The ITAT agreed with the Assessing Officer's decision and Commissioner of Income Tax (Appeals)'s findings, dismissing the appeals of all assessees. en-us Wed, 28 Sep 2022 00:00:00 +0530 Thu, 15 Dec 2022 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431511 The Income Tax Appellate Tribunal (ITAT) upheld the addition under section 56(2)(vii)(b) of the Act for differential consideration between guideline value and actual consideration paid for property. The ITAT agreed with the Assessing Officer's decision and Commissioner of Income Tax (Appeals)'s findings, dismissing the appeals of all assessees. Case-Laws Income Tax Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431511