https://www.taxtmi.com/caselaws?id=778395 ITAT (Mumbai) deleted an addition under s.56(2)(vii)(b) where the difference between stamp-duty valuation by the valuation officer and the declared consideration did not exceed 10%. Relying on the post-2018 amendment to s.50C enlarging the tolerance band from 5% to 10%, the Tribunal treated the increased tolerance as curative and held that no income-tax addition was warranted. Decision favorable to the assessee. en-us Thu, 16 Jan 2025 00:00:00 +0530 Tue, 16 Sep 2025 09:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778395 ITAT (Mumbai) deleted an addition under s.56(2)(vii)(b) where the difference between stamp-duty valuation by the valuation officer and the declared consideration did not exceed 10%. Relying on the post-2018 amendment to s.50C enlarging the tolerance band from 5% to 10%, the Tribunal treated the increased tolerance as curative and held that no income-tax addition was warranted. Decision favorable to the assessee. Case-Laws Income Tax Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778395