https://www.taxtmi.com/caselaws?id=441048 The Tribunal allowed the appeals, finding errors in the addition made under Section 56(2)(vii)(b)(ii) of the Income Tax Act, 1961. It concluded that the Assessing Officer and Commissioner of Income-tax (Appeals) failed to consider valid documents and proper valuation dates. The Tribunal deemed the additional ground as academic and not adjudicated upon. Consequently, all appeals by the assessee(s) were allowed based on discrepancies in valuation and property transactions. en-us Wed, 05 Jul 2023 00:00:00 +0530 Mon, 31 Jul 2023 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441048 The Tribunal allowed the appeals, finding errors in the addition made under Section 56(2)(vii)(b)(ii) of the Income Tax Act, 1961. It concluded that the Assessing Officer and Commissioner of Income-tax (Appeals) failed to consider valid documents and proper valuation dates. The Tribunal deemed the additional ground as academic and not adjudicated upon. Consequently, all appeals by the assessee(s) were allowed based on discrepancies in valuation and property transactions. Case-Laws Income Tax Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441048