https://www.taxtmi.com/caselaws?id=784716 Whether addition under s.56(2)(vii)(b) could be computed with reference to stamp duty value on the alleged agreement date turned on proof that the first payment was made on 18.02.2013, thereby fixing the relevant valuation date. As the sale deed was not produced and the cheque payment could not be verified from the record, the Tribunal held that the factual foundation was incomplete. The matter was set aside to the AO to verify the cheque payment through the sale deed or other admissible evidence produced by the assessee; if proved, the AO must adopt the stamp duty value as on 18.02.2013 for determining deemed income. The appeal was allowed for statistical purposes. en-us Thu, 08 Jan 2026 00:00:00 +0530 Fri, 09 Jan 2026 14:55:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784716 Whether addition under s.56(2)(vii)(b) could be computed with reference to stamp duty value on the alleged agreement date turned on proof that the first payment was made on 18.02.2013, thereby fixing the relevant valuation date. As the sale deed was not produced and the cheque payment could not be verified from the record, the Tribunal held that the factual foundation was incomplete. The matter was set aside to the AO to verify the cheque payment through the sale deed or other admissible evidence produced by the assessee; if proved, the AO must adopt the stamp duty value as on 18.02.2013 for determining deemed income. The appeal was allowed for statistical purposes. Case-Laws Income Tax Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784716