Stamp Duty Charged at Residential Rates on Agricultural Land: ITAT Delhi Remands Section 56(2)(x)(b) Addition

Silverton Pulp And Papers Private Limited Vs DCIT (ITAT Delhi) The Income Tax Appellate Appellate Tribunal (ITAT), Delhi bench, in the case of Silverton Pulp And Papers Private Limited Vs DCIT, set aside the order of the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (CIT(A)/NFAC) and restored the matter for re-verification regarding an addition made under Section 56(2)(x)(b) of the Income Tax Act, 1961. The appeal was filed by the assessee, a private limited company engaged in manufacturing and trading white and kraft paper, against the CIT(A)’s order dated Septemb...