https://www.taxtmi.com/caselaws?id=797902 Section 56(2)(vii)(b) applies only where the acquired property is a capital asset. Agricultural land that falls outside the definition of a capital asset is therefore outside the scope of the provision, even where its stamp-duty value exceeds the purchase consideration. As the land's agricultural character was undisputed, the difference between the purchase price and stamp-duty value was not taxable as income from other sources. The addition based on that difference was deleted. en-us Fri, 21 Aug 2026 00:00:00 +0530 Sat, 29 Aug 2026 14:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797902 Section 56(2)(vii)(b) applies only where the acquired property is a capital asset. Agricultural land that falls outside the definition of a capital asset is therefore outside the scope of the provision, even where its stamp-duty value exceeds the purchase consideration. As the land's agricultural character was undisputed, the difference between the purchase price and stamp-duty value was not taxable as income from other sources. The addition based on that difference was deleted. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797902