ITAT Deletes Section 56(2)(vii)(b) Addition on Property Purchase, Holds Property Price Difference Within 10% Tolerance Limit:
ITAT deletes Section 56(2)(vii)(b) addition, holding that the 6.2% difference between the stamp duty value and actual property purchase price falls within the permissible 10% tolerance limit.
Stamp Duty Value Higher Than Purchase Price by 6.2%: ITAT
Saloni Kumari
Sep 10, 2026
Premium
ITAT Deletes Section 56(2)(vii)(b) Addition on Property Purchase, Holds Property Price Difference Within 10% Tolerance Limit
ITAT deletes Section 56(2)(vii)(b) addition, holding that the 6.2% difference between the stamp duty value and actual property purchase price falls within the permissible 10% tolerance limit.
Also Read
ITAT Remands Tax Dispute to CIT(A) for Fresh AdjudicationRs 20.90 Lakh Property Investment Dispute: ITAT Pune Sets Aside CIT(A) Order, Gives Taxpayer Fresh Chance to Prove SourceITAT Remands Cash Deposit Addition to AO for Fresh Examination Under Section 69AITAT Gives Taxpayer Another Opportunity in Rs 62.96 Lakh Tax Dispute, Sets Aside CIT(A) Order for Fresh Adjudication
About Author
Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
StudyCafe
Delhi, Delhi, India
2718My Recent Articles
- Commissioner (Appeals) Upholds Rs 3.75 Crore GST Demand Against ICICI Prudential Life; Further Challenge Planned
- ITAT Condones 1,008-Day Delay, Remands Unexplained Immovable Property Investment Case to CIT(A)Premium
- RTCA Urges Government to Extend Due Date for Filing Tax Audit Reports and Forms 10B/10BB for AY 2026-27 Until Oct 31
- ITAT Quashes Rs 1.30 Crore Section 68 Unexplained Credits Addition, Holds Investigation Wing Input Alone Cannot Justify ReassessmentPremium
- ITAT Remands Rs 1.18 Crore LIC Maturity Tax Dispute Over Alleged Double TaxationPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts