https://www.taxtmi.com/caselaws?id=782033 ITAT AHMEDABAD held that the land purchased by the assessee was agricultural on the date of purchase, as evidenced by the sale deed and Form No. 7 extract, and was not converted to non-agricultural land. The higher stamp duty and jantri valuation applied by the Sub-Registrar based on a draft AUDA TP Scheme did not change the inherent nature of the land. Since the assessee paid more than the applicable agricultural jantri rate and no acquisition by AUDA had occurred, there was no benefit or underreporting to attract s.56(2)(x). The addition made by the AO was deleted and the assessee's appeal allowed. en-us Tue, 04 Nov 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782033 ITAT AHMEDABAD held that the land purchased by the assessee was agricultural on the date of purchase, as evidenced by the sale deed and Form No. 7 extract, and was not converted to non-agricultural land. The higher stamp duty and jantri valuation applied by the Sub-Registrar based on a draft AUDA TP Scheme did not change the inherent nature of the land. Since the assessee paid more than the applicable agricultural jantri rate and no acquisition by AUDA had occurred, there was no benefit or underreporting to attract s.56(2)(x). The addition made by the AO was deleted and the assessee's appeal allowed. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782033