#section 56
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811 articlesIncome Tax

Income Tax
ITAT Mumbai Deletes Section 56(2)(x) Addition Applying 10% Tolerance Limit Retrospectively
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₹6 Crore Bona Fide Family Settlement Not Taxable; Non-Interference Clause Incidental: Pune ITAT
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Bangalore ITAT: Bank Interest Eligible for 80P; Nominal Members Cannot Defeat Mutuality
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Madras HC: Rule 11UA Allows CA Valuation; AO Cannot Substitute Comparable Price
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Madras HC: ₹1 Million for Giving Up Share Purchase Right Is Capital Receipt
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Section 80P Deduction Allowed on Nominal Member Credits & Bank Interest: Bangalore ITAT
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ITAT Indore Limits ₹46.78 Lakh Section 69 Addition to ₹8 Lakh Based on Actual Purchase Price
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ITAT Deletes Section 56(2)(x) Addition as DVO Value Difference Was 4%
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ITAT Mumbai Allows 10% Tolerance Band for Property Stamp Duty Difference
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ITAT Allows 10% Safe Harbour Retrospectively Under Section 56(2)(x)
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ITAT Surat: Property Addition Set Aside – CIT(A)’s Order Based on Incorrect Facts
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ITAT Remands ₹2.15 Crore On-Money Addition Pending Developer’s Appeal Findings
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Hyderabad ITAT: ₹2.55 Crore “On-Money” Additions Deleted for Lack of Corroboration
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