No section 56(2)(vii)(b) addition for increase in stamp duty value post execution of purchase agreement

Ashutosh Jha (HUF) Vs ITO (ITAT Ranchi)

Where assessee purchased a property and made part payment of sale consideration by cheque on very next day of execution of purchase agreement and registry was done after a year, since such part payment made by cheque on very next day of execution of agreement was towards fulfilment of terms of purchase contract itself and there was no mala fide or false claim on part of assessee, no addition could be made on account of difference between amount of sale consideration for property shown in purchase agreement and sta

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