https://www.taxtmi.com/caselaws?id=468840 Discounted villa sales were assessed by comparing declared sale prices with an assumed benchmark value. The Tribunal accepted that commercial factors such as early bookings, advance receipts, financing convenience and project-specific considerations could justify pricing differences, but held that the first appellate benchmark of Rs. 1,550 per sq. ft. did not fully reflect villa specifications, amenities and comparable pricing patterns. It therefore adopted a moderated benchmark of Rs. 1,800 per sq. ft. for the addition, sustaining the adjustment only to that extent. en-us Tue, 11 Feb 2025 00:00:00 +0530 Thu, 21 May 2026 17:38:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468840 Discounted villa sales were assessed by comparing declared sale prices with an assumed benchmark value. The Tribunal accepted that commercial factors such as early bookings, advance receipts, financing convenience and project-specific considerations could justify pricing differences, but held that the first appellate benchmark of Rs. 1,550 per sq. ft. did not fully reflect villa specifications, amenities and comparable pricing patterns. It therefore adopted a moderated benchmark of Rs. 1,800 per sq. ft. for the addition, sustaining the adjustment only to that extent. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468840