Section 56(2)(vii)(b) Automatic, but DVO Reference Mandatory When Valuation Disputed

Devyani Deepak Rawtal Vs ITO (ITAT Indore)

The ITAT, Indore Bench held that addition u/s 56(2)(vii)(b) is statutory & automatic where stamp duty value exceeds purchase consideration, and the plea that property was purchased from a reputed listed developer does not dilute the provision. Accordingly, the <

Please become a Premium member. If you are already a Premium member, login here to access the full content.