https://www.taxtmi.com/caselaws?id=777314 ITAT held that stamp duty and registration charges paid by the seller cannot be reduced from the sale consideration; the buyer's actual consideration as per the sale deed is the relevant amount under section 56(2)(x). The Tribunal upheld CIT(A)'s refusal to adjust those charges, but directed deletion of the addition under section 56(2)(x) by applying the 5% tolerance limit retrospectively. The AO was instructed to recompute income accordingly; other contentions regarding applicability to stock-in-trade were considered. en-us Fri, 25 Jul 2025 00:00:00 +0530 Thu, 28 Aug 2025 08:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777314 ITAT held that stamp duty and registration charges paid by the seller cannot be reduced from the sale consideration; the buyer's actual consideration as per the sale deed is the relevant amount under section 56(2)(x). The Tribunal upheld CIT(A)'s refusal to adjust those charges, but directed deletion of the addition under section 56(2)(x) by applying the 5% tolerance limit retrospectively. The AO was instructed to recompute income accordingly; other contentions regarding applicability to stock-in-trade were considered. Case-Laws Income Tax Fri, 25 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777314