https://www.taxtmi.com/highlights?id=73699 Applicability of section 56 on disputed property as purchased from relative - Additions u/s 56(2)(x) - since the assessee has purchased the land from the ‘relative’ and the said contention was duly supported by the genealogical tree, and the said fact has also already been examined by the AO, thus, in our considered opinion, the order of the Pr. CIT deserves to be quashed. - AT en-us Thu, 21 Dec 2023 09:30:08 +0530 Thu, 21 Dec 2023 09:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73699 Applicability of section 56 on disputed property as purchased from relative - Additions u/s 56(2)(x) - since the assessee has purchased the land from the ‘relative’ and the said contention was duly supported by the genealogical tree, and the said fact has also already been examined by the AO, thus, in our considered opinion, the order of the Pr. CIT deserves to be quashed. - AT Highlights Income Tax Thu, 21 Dec 2023 09:30:08 +0530 https://www.taxtmi.com/highlights?id=73699