https://www.taxtmi.com/caselaws?id=785613 The text explains that where statutory tolerance permits a 10% variance between stamp duty valuation and declared sale consideration, a differential within that tolerance is not taxable as deemed income. Applying the tolerance test to a reported differential of Rs. 3,91,000, which fell within 10% of stamp duty valuation, the earlier addition under the valuation provision was unjustified and therefore deleted, resulting in allowance of the appeal. The legal effect is that valuation differentials within the prescribed tolerance do not attract adjustment as deemed income under the relevant valuation rule. en-us Tue, 16 Dec 2025 00:00:00 +0530 Wed, 28 Jan 2026 07:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785613 The text explains that where statutory tolerance permits a 10% variance between stamp duty valuation and declared sale consideration, a differential within that tolerance is not taxable as deemed income. Applying the tolerance test to a reported differential of Rs. 3,91,000, which fell within 10% of stamp duty valuation, the earlier addition under the valuation provision was unjustified and therefore deleted, resulting in allowance of the appeal. The legal effect is that valuation differentials within the prescribed tolerance do not attract adjustment as deemed income under the relevant valuation rule. Case-Laws Income Tax Tue, 16 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785613