https://www.taxtmi.com/highlights?id=105886 The deemed-income addition under section 56(2)(vii)(b) for the jantri-value difference on jointly purchased property was deleted on parity grounds where no corresponding addition was made in the co-owner's hands. This treatment was confined to the particular facts and small amount involved and did not establish a general rule. For filing delays, a family medical emergency may constitute sufficient cause. Sufficient cause is construed liberally to advance substantial justice in the absence of mala fide conduct, and the length of delay does not preclude condonation where the explanation is sufficient. en-us Fri, 06 Nov 2026 10:53:34 +0530 Fri, 06 Nov 2026 10:53:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105886 The deemed-income addition under section 56(2)(vii)(b) for the jantri-value difference on jointly purchased property was deleted on parity grounds where no corresponding addition was made in the co-owner's hands. This treatment was confined to the particular facts and small amount involved and did not establish a general rule. For filing delays, a family medical emergency may constitute sufficient cause. Sufficient cause is construed liberally to advance substantial justice in the absence of mala fide conduct, and the length of delay does not preclude condonation where the explanation is sufficient. Highlights Income Tax Fri, 06 Nov 2026 10:53:34 +0530 https://www.taxtmi.com/highlights?id=105886