https://www.taxtmi.com/highlights?id=91882 ITAT allowed the appeal: the Revenue's addition under s.50C was rejected and the third proviso's 10% tolerance margin applies retrospectively, disallowing the technical argument that FMV determined by the DVO (versus stamp duty value) justified an uplift; the assessee's challenge on this ground succeeds. Separately, the Tribunal held the assessee entitled to deduction under s.54EC because actual reinvestment and return filing under s.139(1) were established; the claim may be recognized beyond the figures in the original computation as not barred by statute. Net result: impugned s.50C addition set aside and s.54EC relief allowed in favour of the assessee. en-us Mon, 25 Aug 2025 08:40:37 +0530 Mon, 25 Aug 2025 08:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91882 ITAT allowed the appeal: the Revenue's addition under s.50C was rejected and the third proviso's 10% tolerance margin applies retrospectively, disallowing the technical argument that FMV determined by the DVO (versus stamp duty value) justified an uplift; the assessee's challenge on this ground succeeds. Separately, the Tribunal held the assessee entitled to deduction under s.54EC because actual reinvestment and return filing under s.139(1) were established; the claim may be recognized beyond the figures in the original computation as not barred by statute. Net result: impugned s.50C addition set aside and s.54EC relief allowed in favour of the assessee. Highlights Income Tax Mon, 25 Aug 2025 08:40:37 +0530 https://www.taxtmi.com/highlights?id=91882