https://www.taxtmi.com/caselaws?id=791864 Section 56(2)(x) did not apply to an immovable property transaction registered in July 2016 because the provision, inserted by the Finance Act, 2017 with effect from 1 April 2017, operates only for property received on or after that date. As a deeming fiction, its scope cannot be extended beyond the period expressly covered by the statute. The addition made for the difference between stamp duty value and purchase consideration was therefore deleted for Assessment Year 2017-18, and the remaining grounds became academic. en-us Fri, 15 May 2026 00:00:00 +0530 Tue, 19 May 2026 08:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791864 Section 56(2)(x) did not apply to an immovable property transaction registered in July 2016 because the provision, inserted by the Finance Act, 2017 with effect from 1 April 2017, operates only for property received on or after that date. As a deeming fiction, its scope cannot be extended beyond the period expressly covered by the statute. The addition made for the difference between stamp duty value and purchase consideration was therefore deleted for Assessment Year 2017-18, and the remaining grounds became academic. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791864