https://www.taxtmi.com/caselaws?id=468860 The 10% safe harbour tolerance under section 56(2)(x) applies by reference to the fair market value determined by the Departmental Valuation Officer after a reference from the stamp duty valuation. The provision is to be read purposively to mitigate hardship in genuine immovable property transactions where the deemed value and stated consideration differ marginally. Because the DVO valuation is also an estimate and replaces the stamp duty value for practical purposes once reference is made, the same marginal variation tolerance governs that valuation as well. The assessee is therefore entitled to the safe harbour benefit. en-us Fri, 23 Jan 2026 00:00:00 +0530 Sat, 23 May 2026 13:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468860 The 10% safe harbour tolerance under section 56(2)(x) applies by reference to the fair market value determined by the Departmental Valuation Officer after a reference from the stamp duty valuation. The provision is to be read purposively to mitigate hardship in genuine immovable property transactions where the deemed value and stated consideration differ marginally. Because the DVO valuation is also an estimate and replaces the stamp duty value for practical purposes once reference is made, the same marginal variation tolerance governs that valuation as well. The assessee is therefore entitled to the safe harbour benefit. Case-Laws Income Tax Fri, 23 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468860