#section 56(2)(vii)
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99 articlesIncome Tax

Income Tax
Unlocking the Maze of Development Rights: Implications under India’s Income Tax Act
Income Tax

Income Tax
Dispute in stamp value may be referred to the valuation officer
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Income Tax
Addition invoking section 56(2)(vii)(b) unsustained as stamp duty value less than agreement value
Income Tax

Income Tax
Revision u/s 263 rightly invoked as AO failed to inquire valuation of shares vis-à-vis provisions of section 56(2)(viib)
Income Tax

Income Tax
Stamp duty value on date of allotment is to be taken as per first proviso to section 56(2)(vii)(b)
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Income Tax
Impact of Section 56(2)(vii) on Property Purchased Above Circle Rate
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Income Tax
Deeming fiction of section 50C doesn’t apply in case of purchaser
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Income Tax
Gift from HUF not to be added to income of Karta of such HUF
Income Tax

Income Tax
Discounted cash flow is the recognized method as per section 56(2)(viib)
Income Tax

Income Tax
Revisional jurisdiction u/s 263 duly invoked as AO failed to examine issue of purchase of land
Income Tax

Income Tax
Retrospective effect to provisions of section 56(2)(vii)(b) of Income Tax Act unjustifiable
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Income Tax
Non-resident investors included in ambit of section 56(2)(viib) – Budget 2023
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Income Tax
Section 56(2)(vii) applies to purchaser of capital asset & Section 50C to Buyer
Income Tax

Income Tax
