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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Addition u/s 56(2)(vii)(b) - difference amount between the SRO ...

Case Laws     Income Tax

September 2, 2019

Addition u/s 56(2)(vii)(b) - difference amount between the SRO value and the actual consideration paid - dispute between the parties settled through arbitration - no reason to disbelieve the submissions made by the assessee - the case of the assessee is squarely covered as exception as per proviso to section 56(2)(vii)(b) - No addition.

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