https://www.taxtmi.com/caselaws?id=771056 ITAT Mumbai allowed the appeal for statistical purposes regarding addition under section 56(2)(vii)(b)(ii) concerning difference between stamp duty value and agreement value of two residential flats. The tribunal held that AO erred in not referring valuation to DVO despite assessee's request, as both conditions under section 50C(2) were fulfilled - stamp duty value exceeded agreement value and was not disputed before any authority. Matter was restored to AO for fresh adjudication after obtaining DVO valuation report as per statutory provisions. en-us Fri, 16 May 2025 00:00:00 +0530 Tue, 20 May 2025 08:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771056 ITAT Mumbai allowed the appeal for statistical purposes regarding addition under section 56(2)(vii)(b)(ii) concerning difference between stamp duty value and agreement value of two residential flats. The tribunal held that AO erred in not referring valuation to DVO despite assessee's request, as both conditions under section 50C(2) were fulfilled - stamp duty value exceeded agreement value and was not disputed before any authority. Matter was restored to AO for fresh adjudication after obtaining DVO valuation report as per statutory provisions. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771056