https://www.taxtmi.com/caselaws?id=793702 Section 54 relief is described as a beneficial provision to be construed liberally where a taxpayer buys land for a residential house, secures approvals and completes construction after the usual period because COVID-19 disruptions delayed works; on that reasoning, the exemption remains available and the disallowance is not sustained. On section 56(2)(x), a stamp duty value difference of about 7.86% falls within the 10% tolerance band recognised as a curative safe harbour, so the minor valuation gap in a bona fide transaction is not taxable. The combined effect is that both additions are deleted. en-us Mon, 15 Jun 2026 00:00:00 +0530 Mon, 22 Jun 2026 08:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793702 Section 54 relief is described as a beneficial provision to be construed liberally where a taxpayer buys land for a residential house, secures approvals and completes construction after the usual period because COVID-19 disruptions delayed works; on that reasoning, the exemption remains available and the disallowance is not sustained. On section 56(2)(x), a stamp duty value difference of about 7.86% falls within the 10% tolerance band recognised as a curative safe harbour, so the minor valuation gap in a bona fide transaction is not taxable. The combined effect is that both additions are deleted. Case-Laws Income Tax Mon, 15 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793702