https://www.taxtmi.com/caselaws?id=787780 Allotment letters accompanied by part consideration received through prescribed banking channels can constitute an agreement for valuation substitution under section 43CA(3)/(4), and factual verification of part payments and comparison with stamp duty valuation as on the allotment date must be carried out by the Assessing Officer; disallowances under section 14A read with Rule 8D are not sustainable where no exempt income was earned, and corresponding add backs to book profit under section 115JB must be deleted; claims of deferred tax require verification of figures and documents by the Assessing Officer before adjudication. en-us Fri, 13 Feb 2026 00:00:00 +0530 Thu, 12 Mar 2026 08:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787780 Allotment letters accompanied by part consideration received through prescribed banking channels can constitute an agreement for valuation substitution under section 43CA(3)/(4), and factual verification of part payments and comparison with stamp duty valuation as on the allotment date must be carried out by the Assessing Officer; disallowances under section 14A read with Rule 8D are not sustainable where no exempt income was earned, and corresponding add backs to book profit under section 115JB must be deleted; claims of deferred tax require verification of figures and documents by the Assessing Officer before adjudication. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787780