Section 56(2)(vii)(b) Dispute: Leasehold Rights Not Classified as Immovable Property; Stamp Value vs. Sales Consideration Issue.

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....Addition invoking provisions u/s 56(2)(vii)(b) - assessee only received lease hold right for 99 years - difference of stamp value minus sales consideration - The definition of property does not refer to rights or transactions which may enable use or enjoyment of property and it appears that having regards to description context and objective, acquisition of such rights cannot be equated with immovable property. - AT....