https://www.taxtmi.com/caselaws?id=800953 The tolerance-band proviso to section 56(2)(x)(b) applies retrospectively to Assessment Year 2018-19 because it is curative and clarificatory, addressing hardship caused by marginal differences between purchase consideration and stamp-duty value. Comparable tolerance provisions in sections 50C(1) and 43CA(1), together with the legislative intent underlying the prescribed margin, support that application. Where the stamp-duty-value variation falls within the 5% tolerance band, no income is deemed to arise under section 56(2)(x)(b), and no addition is warranted. en-us Wed, 23 Sep 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800953 The tolerance-band proviso to section 56(2)(x)(b) applies retrospectively to Assessment Year 2018-19 because it is curative and clarificatory, addressing hardship caused by marginal differences between purchase consideration and stamp-duty value. Comparable tolerance provisions in sections 50C(1) and 43CA(1), together with the legislative intent underlying the prescribed margin, support that application. Where the stamp-duty-value variation falls within the 5% tolerance band, no income is deemed to arise under section 56(2)(x)(b), and no addition is warranted. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800953