Deemed Income Added u/s 56(2)(vii)(b) for Property Valuation Difference; No Exemption Available for Assessee.

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....Addition of deemed income u/s 56(2)(vii)(b) - difference in purchase price and stamps authority valuation - Addition made by lower-authorities is mandated by section 56(2)(vii)(b) and in absence of a valid explanation by assessee, the same has to be made, there is no escape route. - Additions confirmed - AT....