https://www.taxtmi.com/caselaws?id=775588 A transfer of property between the assessee and a relative was treated as outside the scope of section 56(2)(x) because the provision targets specified transactions that do not fall within recognised exclusions. Relying on the admitted factual position and a coordinate bench decision on an identical issue, the Tribunal held that the addition could not be sustained. The addition under section 56(2)(x) was deleted, and the matter was decided in favour of the assessee. en-us Tue, 03 Jun 2025 00:00:00 +0530 Mon, 28 Jul 2025 08:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775588 A transfer of property between the assessee and a relative was treated as outside the scope of section 56(2)(x) because the provision targets specified transactions that do not fall within recognised exclusions. Relying on the admitted factual position and a coordinate bench decision on an identical issue, the Tribunal held that the addition could not be sustained. The addition under section 56(2)(x) was deleted, and the matter was decided in favour of the assessee. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775588