Allotment Date Governs Stamp Value Under Section 56(2)(x)

Meena Arjun Narang Vs ACIT (ITAT Mumbai) Allotment Date, Not Registration Date, Governs s.56(2)(x): ITAT Mumbai Deletes Stamp-Duty Differential Addition ITAT Mumbai (SMC Bench) in Meena Arjun Narang vs ACIT (ITA No. 6651/Mum/2025, AY 2018-19, order dated 24.12.2025) has allowed the assessee’s appeal, holding that for the purpose of s.56(2)(x)(b), stamp duty value as on the date of allotment must be adopted where part consideration was paid through banking channels prior to registration. The Assessee, a co-owner, was allotted a flat vide allotment letter dated 11.12.2010 and made part payment...