https://www.taxtmi.com/caselaws?id=766917 Where an addition under section 69B turned on unresolved verification of the assessee's loan claim, the matter was remanded for fresh examination and the addition was not finally sustained. Where an addition under section 56(2)(x) arose from the difference between purchase consideration and stamp duty value, the appellate failure to address the third proviso and the request for a DVO reference required restoration for fresh valuation-based adjudication. As the penalty under section 271AAC(1) depended on the outcome of the underlying additions, it was also sent back for reconsideration. The result was remand on all contested issues, with no final sustenance of the additions or consequential penalty. en-us Tue, 04 Mar 2025 00:00:00 +0530 Thu, 06 Mar 2025 07:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766917 Where an addition under section 69B turned on unresolved verification of the assessee's loan claim, the matter was remanded for fresh examination and the addition was not finally sustained. Where an addition under section 56(2)(x) arose from the difference between purchase consideration and stamp duty value, the appellate failure to address the third proviso and the request for a DVO reference required restoration for fresh valuation-based adjudication. As the penalty under section 271AAC(1) depended on the outcome of the underlying additions, it was also sent back for reconsideration. The result was remand on all contested issues, with no final sustenance of the additions or consequential penalty. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766917