https://www.taxtmi.com/caselaws?id=783883 The dominant issue was whether an addition under s. 56(2)(vii)(b) could be made in the relevant assessment year based on the stamp valuation authority's value as on a later date. The ITAT held that where an agreement was executed, an allotment letter was issued, and consideration was paid through banking channels, the applicable stamp duty valuation is the value as on the date of allotment/agreement (FY 2012-13), not the later year. As the registered valuer's report supported the declared consideration and no discrepancy was found, the impugned addition for the difference between consideration and stamp value was unsustainable; the addition was quashed and the matter remitted to the AO to recompute using FY 2012-13 stamp valuation. en-us Thu, 27 Nov 2025 00:00:00 +0530 Wed, 24 Dec 2025 07:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783883 The dominant issue was whether an addition under s. 56(2)(vii)(b) could be made in the relevant assessment year based on the stamp valuation authority's value as on a later date. The ITAT held that where an agreement was executed, an allotment letter was issued, and consideration was paid through banking channels, the applicable stamp duty valuation is the value as on the date of allotment/agreement (FY 2012-13), not the later year. As the registered valuer's report supported the declared consideration and no discrepancy was found, the impugned addition for the difference between consideration and stamp value was unsustainable; the addition was quashed and the matter remitted to the AO to recompute using FY 2012-13 stamp valuation. Case-Laws Income Tax Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783883