Tribunal held that flat was allotted vide allotment letter dt. 6-3-2009 and it was signed on 11-11-2009, the registration was done on 9 th December, 2014. The Tribunal held that mere fact that the flat was registered in the year 2014, falling in AY. 2015-16, the amended provisions of section 56(2)(vii)(b) (ii) could not be applied. (dt. 14-9-2021) (AY. 2015-16)
Naina Sarf v. PCIT (2021) BCAJ-November-P. 34 (Jaipur)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Allotment letter prior to AY. 2014-15-Registration was on 9th December, 2014-Provision of section 56(2)(vii)(b)(ii) is not applicable-Revision is held to be not valid. [S. 56(2)(vii)(b)(ii)]