https://www.taxtmi.com/caselaws?id=765097 ITAT Ahmedabad allowed the assessee's appeal regarding addition under section 56(2)(x)(b) for immovable property purchased below stamp duty value. The tribunal found that both AO and CIT(A) passed non-speaking orders without applying mind or providing reasons for rejecting the assessee's explanation. The authorities failed to ask relevant questions about delayed registration yet criticized the assessee for not explaining it. Such orders violated principles of natural justice under audi alteram partem, as they lacked clarity on findings being challenged. en-us Wed, 06 Nov 2024 00:00:00 +0530 Sat, 25 Jan 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765097 ITAT Ahmedabad allowed the assessee's appeal regarding addition under section 56(2)(x)(b) for immovable property purchased below stamp duty value. The tribunal found that both AO and CIT(A) passed non-speaking orders without applying mind or providing reasons for rejecting the assessee's explanation. The authorities failed to ask relevant questions about delayed registration yet criticized the assessee for not explaining it. Such orders violated principles of natural justice under audi alteram partem, as they lacked clarity on findings being challenged. Case-Laws Income Tax Wed, 06 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765097