https://www.taxtmi.com/caselaws?id=770512 Addition under section 69B was deleted where the assessee showed that the property had been allotted earlier at a fixed price and payments were made in instalments under that allotment letter; the stamp duty value on the registration date and the DVO report did not displace that explanation, so the basis for treating the difference as unexplained was not made out. The deduction claim under section 35AC was restored for verification because the assessee had produced a notification and donation receipts, but the supporting material still required factual examination before final allowance. Relief was thus partly granted: the valuation addition failed, while the deduction issue was remanded. en-us Wed, 30 Apr 2025 00:00:00 +0530 Mon, 12 May 2025 09:19:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770512 Addition under section 69B was deleted where the assessee showed that the property had been allotted earlier at a fixed price and payments were made in instalments under that allotment letter; the stamp duty value on the registration date and the DVO report did not displace that explanation, so the basis for treating the difference as unexplained was not made out. The deduction claim under section 35AC was restored for verification because the assessee had produced a notification and donation receipts, but the supporting material still required factual examination before final allowance. Relief was thus partly granted: the valuation addition failed, while the deduction issue was remanded. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770512