https://www.taxtmi.com/caselaws?id=786347 Amendment introducing a tolerance band permits treating stamp duty value within 10% of agreed consideration as the fair market value for purposes of section 56(2)(x). The proviso links valuation by the stamp valuation authority and the Valuation Officer so that where stamp valuation does not exceed the consideration by more than 10%, the consideration may be accepted as full value. Courts have treated this tolerance as beneficial and applied it retrospectively to earlier transactions; accordingly the taxpayer benefited from the 10% tolerance and the appeal was allowed. en-us Mon, 09 Feb 2026 00:00:00 +0530 Wed, 11 Feb 2026 09:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786347 Amendment introducing a tolerance band permits treating stamp duty value within 10% of agreed consideration as the fair market value for purposes of section 56(2)(x). The proviso links valuation by the stamp valuation authority and the Valuation Officer so that where stamp valuation does not exceed the consideration by more than 10%, the consideration may be accepted as full value. Courts have treated this tolerance as beneficial and applied it retrospectively to earlier transactions; accordingly the taxpayer benefited from the 10% tolerance and the appeal was allowed. Case-Laws Income Tax Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786347