https://www.taxtmi.com/caselaws?id=766536 The amended tolerance limit under section 56(2)(x)(b)(B) is treated as retrospectively applicable for the relevant assessment year, so the valuation difference is tested against the enhanced statutory threshold rather than the earlier limit. On that basis, only the excess beyond the permissible margin is exposed to addition, and the restricted addition sustained by the appellate authority is upheld. The matter is remanded for giving effect to the incremental adjustment, with only the excess over 10% in Unit No. 103 to be brought to tax. en-us Tue, 25 Feb 2025 00:00:00 +0530 Thu, 27 Feb 2025 08:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766536 The amended tolerance limit under section 56(2)(x)(b)(B) is treated as retrospectively applicable for the relevant assessment year, so the valuation difference is tested against the enhanced statutory threshold rather than the earlier limit. On that basis, only the excess beyond the permissible margin is exposed to addition, and the restricted addition sustained by the appellate authority is upheld. The matter is remanded for giving effect to the incremental adjustment, with only the excess over 10% in Unit No. 103 to be brought to tax. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766536