Tag: Section 56(2)(x)

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Homebuyer paid Rs 91 lakh upfront for a Rs 1.24 crore property, but circle value rose to Rs 1.46 crore by registration; why ITAT Kolkata gave her tax relief and deleted Rs 11.35 lakh addition

October 2, 2026
scorezip.in@gmail.com

The Tribunal considered both the registered purchase agreement and the conveyance deed executed later. (Image for…

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He surrendered tenancy rights for redevelopment and got 2 flats worth Rs 1.38 crore; taxman added it as income, why ITAT Mumbai gave him relief

September 23, 2026
scorezip.in@gmail.com

The two flats provided to him under the PAA were valued at Rs 1.38 crore by…