https://www.taxtmi.com/caselaws?id=784383 Section 56(2)(vii)(b)(i) applies only to an individual or Hindu undivided family, not to a company. As the assessee was a company, the basic jurisdictional condition for invoking the provision was absent, so the addition based on the difference between documented value and market value of flats could not be sustained and was deleted. en-us Thu, 01 Jan 2026 00:00:00 +0530 Sat, 03 Jan 2026 08:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784383 Section 56(2)(vii)(b)(i) applies only to an individual or Hindu undivided family, not to a company. As the assessee was a company, the basic jurisdictional condition for invoking the provision was absent, so the addition based on the difference between documented value and market value of flats could not be sustained and was deleted. Case-Laws Income Tax Thu, 01 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784383