https://www.taxtmi.com/caselaws?id=794608 The Tribunal held that the deeming substitution of stamp duty value could not be invoked under section 56(2)(vii)(b) where the difference between the declared consideration and the stamp duty value of immovable property remained within the permissible tolerance band. Applying a harmonious reading of sections 50C, 43CA and 56(2)(x), it accepted that the legislative tolerance for marginal variation extends to section 56(2)(vii)(b). The addition was therefore unsustainable and was deleted. en-us Thu, 25 Jun 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794608 The Tribunal held that the deeming substitution of stamp duty value could not be invoked under section 56(2)(vii)(b) where the difference between the declared consideration and the stamp duty value of immovable property remained within the permissible tolerance band. Applying a harmonious reading of sections 50C, 43CA and 56(2)(x), it accepted that the legislative tolerance for marginal variation extends to section 56(2)(vii)(b). The addition was therefore unsustainable and was deleted. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794608