Difference between purchase value and value determined by District Valuation Officer though more than 5%...

Difference between purchase value and value determined by District Valuation Officer though more than 5% but below 10% of purchase consideration, transacted amount within tolerance limit. Assessee eligible for benefit of 10% margin difference in valuation between value determined by stamp duty authority and declared sale consideration. If variation between two values within 10% range, no addition warranted u/s 56(2)(x)(b)(B)(ii). Since variation 9.14%, no addition tenable. Addition by Assessing Officer deleted. Ground allowed. .....

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