Addition made u/s. 56(2)(vii)(b)(ii) - Purchase of flat below ...

Taxpayer Contest Over Flat Purchase Below Market Value Deemed Negligible Under Income Tax Act Section 56(2)(vii)(b)(ii.

December 11, 2019

Case Laws Income Tax AT

Addition made u/s. 56(2)(vii)(b)(ii) - Purchase of flat below Fair Market value - adequate consideration - the difference between sale consideration shown by the assessee at ₹ 90 lacs and fair market value estimated by the DVO at ₹ 98,40,000/- which was less than 10% and hence, the same is liable to be ignored.

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Addition made u/s. 56(2)(vii)(b)(ii) - Purchase of flat below ...

Taxpayer Contest Over Flat Purchase Below Market Value Deemed Negligible Under Income Tax Act Section 56(2)(vii)(b)(ii.

December 11, 2019

Case Laws Income Tax AT

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