TaxTMI 
TaxTMI 
2026 (9) TMI 1142
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....R PER M. BALAGANESH, A. M.: 1. The appeal in ITA No.4842/Del/2025 for AY 2009-10, arises out of the order of the ld National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as 'ld. CIT(A)', in short] dated 25.07.2025 against the order of assessment passed u/s 143(3) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act') dated 20.12.2018 by the Assessing Officer, DCI....
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....f Rs 14,16,000 was totally paid thereon. The share of the assessee on account of stamp duty was Rs 3,54,000 (1416000 * 25%). The learned AO concluded that the total payment made by the assessee for purchasing the property was Rs 92,04,000 [(35400000 + 1416000) *25%]. The assessee objected to the adoption of the stamp duty value and accordingly during the assessment proceedings requested the learne....
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.... value of the whole subject mentioned property was determined at Rs 2,09,98,189. The assessee share thereon would work out to Rs 52,49,547 (20998189 * 25%). We find that the CIT(A) in the case of Ms Shelly Aggarwal had directed that Assessing Officer to compute the addition, if any, in the light of DVO report in terms of section 155(15) of the Act. This act of the CIT(A) in the case of Ms Shelly A....
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....ween the actual consideration and DVO value is less than 5%, we hold that no addition need to be made in the hands of the assessee herein by applying the provisions of section 56(2)(vii) of the Act. Accordingly, the addition made in the sum of Rs 38,50,000 is hereby deleted. 5. With regard to the source for purchase of property, the Learned AR before us drew our attention to the Bank Book at Pa....