https://www.taxtmi.com/caselaws?id=436500 The Tribunal dismissed the appeal filed by the assessee, upholding the additions made by the assessing officer under Section 56(2)(vii)(c) for the difference between guideline value and consideration paid for property. The Tribunal also upheld the disallowance under Section 40(a)(ia) for non-deduction of TDS, despite the assessee's arguments. The retrospective amendment to Section 50C did not apply in this case. The decision of the Commissioner of Income Tax (Appeals) was affirmed, and the appeal was dismissed. en-us Fri, 24 Mar 2023 00:00:00 +0530 Fri, 14 Apr 2023 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436500 The Tribunal dismissed the appeal filed by the assessee, upholding the additions made by the assessing officer under Section 56(2)(vii)(c) for the difference between guideline value and consideration paid for property. The Tribunal also upheld the disallowance under Section 40(a)(ia) for non-deduction of TDS, despite the assessee's arguments. The retrospective amendment to Section 50C did not apply in this case. The decision of the Commissioner of Income Tax (Appeals) was affirmed, and the appeal was dismissed. Case-Laws Income Tax Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436500