https://www.taxtmi.com/caselaws?id=800658 Section 56(2)(x) does not apply where the substantive property transaction was completed before its 1 April 2017 effective date, notwithstanding later registration. Full consideration, execution of the binding sale deed, delivery of possession and initiation of stamp-duty adjudication before that date establish pre-effective completion. Registration later merely culminates the earlier transaction. The stamp-duty valuation also lacked finality, while the valuer's report placed the property value below the agreed consideration. The addition under Section 56(2)(x) was therefore deleted. en-us Wed, 23 Sep 2026 00:00:00 +0530 Fri, 09 Oct 2026 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800658 Section 56(2)(x) does not apply where the substantive property transaction was completed before its 1 April 2017 effective date, notwithstanding later registration. Full consideration, execution of the binding sale deed, delivery of possession and initiation of stamp-duty adjudication before that date establish pre-effective completion. Registration later merely culminates the earlier transaction. The stamp-duty valuation also lacked finality, while the valuer's report placed the property value below the agreed consideration. The addition under Section 56(2)(x) was therefore deleted. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800658