https://www.taxtmi.com/caselaws?id=791402 Section 56(2)(x)(b) applies where immovable property is received for inadequate consideration, but the proviso permits adoption of stamp duty value on the agreement date only if consideration was paid through prescribed banking channels on or before that date. The record showed advance payments at booking, yet the mode and timing of payment, and whether the allotment letter or booking arrangement could serve as the agreement date, were not satisfactorily verified. The matter was therefore remanded to the Assessing Officer for limited factual examination of those points, and the addition was not finally sustained. en-us Thu, 23 Apr 2026 00:00:00 +0530 Mon, 11 May 2026 09:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791402 Section 56(2)(x)(b) applies where immovable property is received for inadequate consideration, but the proviso permits adoption of stamp duty value on the agreement date only if consideration was paid through prescribed banking channels on or before that date. The record showed advance payments at booking, yet the mode and timing of payment, and whether the allotment letter or booking arrangement could serve as the agreement date, were not satisfactorily verified. The matter was therefore remanded to the Assessing Officer for limited factual examination of those points, and the addition was not finally sustained. Case-Laws Income Tax Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791402