https://www.taxtmi.com/caselaws?id=778523 ITAT held that the value determined for the purpose of section 56(2)(vii)(b) (difference between stamp duty value and purchase consideration) must be treated as cost of acquisition under section 49(4). The tribunal accepted that the Assessing Officer had used Rs. 2,22,60,470 for the addition under section 56(2)(vii)(b) and directed the AO to recompute capital gains treating that amount as the cost of acquisition, allowing the assessee's alternate plea. en-us Fri, 17 Jan 2025 00:00:00 +0530 Thu, 18 Sep 2025 08:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778523 ITAT held that the value determined for the purpose of section 56(2)(vii)(b) (difference between stamp duty value and purchase consideration) must be treated as cost of acquisition under section 49(4). The tribunal accepted that the Assessing Officer had used Rs. 2,22,60,470 for the addition under section 56(2)(vii)(b) and directed the AO to recompute capital gains treating that amount as the cost of acquisition, allowing the assessee's alternate plea. Case-Laws Income Tax Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778523