The assessee, a tenant, entered into registered redevelopment agreements under which he was to receive two permanent alternate premises in exchange for surrender of his tenancy rights. The Assessing Officer invoked section 56(2)(x) and taxed the stamp duty value of the alternate premises as income from other sources on the ground that the agreements had been registered during the relevant previous year. The Tribunal held that section 56(2)(x) is attracted only where an assessee actually receives immovable property. Mere execution or registration of a redevelopment agreement creates only a contractual right to receive the property in future and does not constitute receipt of immovable property when the redevelopment project is incomplete, and possession has not been handed over. The Tribunal further held that the allotment of permanent alternate accommodation was not without consideration, since it was granted in exchange for surrender of valuable tenancy rights. Therefore, the essential conditions for invoking section 56(2)(x) were absent. Accordingly, the addition was deleted, and the appeal of the assessee was allowed. (ITA No. 7534/Mum/2025 dt. 16-07-2026 ) ( AY. 2018-19 )