Section 56(2)(x) Addition Set Aside as AO Failed to Refer Property Valuation to DVO: ITAT Mumbai

Naynish Harishchandra Rahane Vs ITO (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, considered an appeal filed by the assessee against the order dated 10 November 2025 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, under Section 250 of the Income Tax Act, 1961 for the assessment year 2018–19. The dispute concerned an addition made under Section 56(2)(x)(b) of the Act relating to the difference between the purchase price of an immovable property and the value determined by the stamp valuation authority. The assessee, an individual, ...