https://www.taxtmi.com/caselaws?id=472635 Stamp-duty valuation differences within the 10% tolerance applicable under the seller-side valuation rule cannot support a purchaser-side addition for inadequate consideration under Section 56(2)(vii)(b)(ii). The beneficial tolerance therefore prevents deemed-income treatment where the variation remains within that range. Limited-scrutiny assessments are confined to issues identified in the scrutiny notice. An addition concerning an issue outside that scope is without jurisdiction unless the assessment is validly converted to complete scrutiny through the required approval process. Both additions were consequently removed from the assessed income. en-us Fri, 05 Jan 2024 00:00:00 +0530 Mon, 19 Oct 2026 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472635 Stamp-duty valuation differences within the 10% tolerance applicable under the seller-side valuation rule cannot support a purchaser-side addition for inadequate consideration under Section 56(2)(vii)(b)(ii). The beneficial tolerance therefore prevents deemed-income treatment where the variation remains within that range. Limited-scrutiny assessments are confined to issues identified in the scrutiny notice. An addition concerning an issue outside that scope is without jurisdiction unless the assessment is validly converted to complete scrutiny through the required approval process. Both additions were consequently removed from the assessed income. Case-Laws Income Tax Fri, 05 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472635