https://www.taxtmi.com/caselaws?id=785782 Addition under the tax provision for difference between agreement value and stamp duty valuation is deleted because the disparity (4.87%) falls within the recognised tolerance proviso and the parity principle between stamp duty valuation and income valuation requires a single fair market value; the previous appellate confirmation was set aside. Addition based on gross savings bank interest deleted because net interest (after allowable interest expenditure) was offered to tax and AO ignored permissible netting. Addition for alleged omission of long-term capital gain deleted as shares were held over twelve months and capital gain exemption applies. Alleged undisclosed interest is restored to AO for limited factual verification to prevent double taxation. en-us Mon, 12 Jan 2026 00:00:00 +0530 Sat, 31 Jan 2026 08:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785782 Addition under the tax provision for difference between agreement value and stamp duty valuation is deleted because the disparity (4.87%) falls within the recognised tolerance proviso and the parity principle between stamp duty valuation and income valuation requires a single fair market value; the previous appellate confirmation was set aside. Addition based on gross savings bank interest deleted because net interest (after allowable interest expenditure) was offered to tax and AO ignored permissible netting. Addition for alleged omission of long-term capital gain deleted as shares were held over twelve months and capital gain exemption applies. Alleged undisclosed interest is restored to AO for limited factual verification to prevent double taxation. Case-Laws Income Tax Mon, 12 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785782