https://www.taxtmi.com/caselaws?id=775588 The ITAT Mumbai held that the addition under section 56(2)(x) regarding the difference between the agreement value and stamp duty value of the property was not applicable as the property was transferred by a relative of the assessee. Transactions between relatives are exempt from the provisions of section 56(2)(x). Relying on precedent, the tribunal deleted the addition made by the AO and allowed the assessee's appeal. en-us Tue, 03 Jun 2025 00:00:00 +0530 Mon, 28 Jul 2025 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775588 The ITAT Mumbai held that the addition under section 56(2)(x) regarding the difference between the agreement value and stamp duty value of the property was not applicable as the property was transferred by a relative of the assessee. Transactions between relatives are exempt from the provisions of section 56(2)(x). Relying on precedent, the tribunal deleted the addition made by the AO and allowed the assessee's appeal. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775588