https://www.taxtmi.com/caselaws?id=797705 Section 56(2)(vii)(b) requires identification of the person who received the alleged benefit from property acquired below stamp-duty value. Under section 45 of the Transfer of Property Act, equal interests of joint purchasers are presumed only where their respective contributions are not evidenced. Where one joint purchaser paid the entire consideration and the other, although named in the purchase deed, made no contribution, the non-contributing purchaser is not chargeable for the valuation difference. The addition was therefore deleted from the non-contributing co-purchaser's assessment. en-us Thu, 20 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797705 Section 56(2)(vii)(b) requires identification of the person who received the alleged benefit from property acquired below stamp-duty value. Under section 45 of the Transfer of Property Act, equal interests of joint purchasers are presumed only where their respective contributions are not evidenced. Where one joint purchaser paid the entire consideration and the other, although named in the purchase deed, made no contribution, the non-contributing purchaser is not chargeable for the valuation difference. The addition was therefore deleted from the non-contributing co-purchaser's assessment. Case-Laws Income Tax Thu, 20 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797705