https://www.taxtmi.com/highlights?id=80568 Section 56(2)(x) addition - difference between fair market value and sale consideration not applicable when property purchased through bank auction, being a statutory process without scope for understatement of consideration. Tribunal's view upheld that Assessing Officer erred in making such addition, set aside Commissioner's order in assessee's favor. en-us Wed, 21 Aug 2024 08:57:51 +0530 Wed, 21 Aug 2024 08:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80568 Section 56(2)(x) addition - difference between fair market value and sale consideration not applicable when property purchased through bank auction, being a statutory process without scope for understatement of consideration. Tribunal's view upheld that Assessing Officer erred in making such addition, set aside Commissioner's order in assessee's favor. Highlights Income Tax Wed, 21 Aug 2024 08:57:51 +0530 https://www.taxtmi.com/highlights?id=80568