https://www.taxtmi.com/caselaws?id=785285 Adoption of stamp duty value as sale consideration under the deeming provision for property valuation does not, by itself, constitute furnishing inaccurate particulars of income so as to attract penalty for concealment; the revenue must establish that the assessee actually received and retained the excess amount over the deed value. The finding relied solely on the deeming valuation to make a proportionate income addition, without proof of receipt or corresponding inclusion in the buyer's hands, precludes imposition of penalty for inaccurate particulars; penalty was directed to be deleted. en-us Mon, 22 Dec 2025 00:00:00 +0530 Wed, 21 Jan 2026 08:41:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785285 Adoption of stamp duty value as sale consideration under the deeming provision for property valuation does not, by itself, constitute furnishing inaccurate particulars of income so as to attract penalty for concealment; the revenue must establish that the assessee actually received and retained the excess amount over the deed value. The finding relied solely on the deeming valuation to make a proportionate income addition, without proof of receipt or corresponding inclusion in the buyer's hands, precludes imposition of penalty for inaccurate particulars; penalty was directed to be deleted. Case-Laws Income Tax Mon, 22 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785285