https://www.taxtmi.com/caselaws?id=438292 The Tribunal allowed the appeal filed by the assessee, determining that the assessee met the conditions of the proviso to Section 56(2)(x)(b) of the Income Tax Act. The Tribunal directed the Assessing Officer to compare the stamp duty valuation as of the allotment date with the transaction value recorded in the registration document, effectively overturning the earlier additions made by the Assessing Officer and upheld by the CIT(A). The decision was pronounced in open court on 23.05.2023. en-us Tue, 23 May 2023 00:00:00 +0530 Tue, 26 Nov 2024 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438292 The Tribunal allowed the appeal filed by the assessee, determining that the assessee met the conditions of the proviso to Section 56(2)(x)(b) of the Income Tax Act. The Tribunal directed the Assessing Officer to compare the stamp duty valuation as of the allotment date with the transaction value recorded in the registration document, effectively overturning the earlier additions made by the Assessing Officer and upheld by the CIT(A). The decision was pronounced in open court on 23.05.2023. Case-Laws Income Tax Tue, 23 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438292