Held that the amendment to section 56(2)(vii)(b) by Finance Act, 2013 is not clarificatory in nature and it is effective from 1-4-2014 and applicable to assessment year 2014-15 and subsequent years. Addition is deleted. (AY. 2012-13)
Pooja Dipen Joshi. v. ITO (2024) 207 ITD 34/ 232 TTJ 34 (Ahd) (Trib.)
S. 56 : Income from other sources-Stamp duty-Actual sale consideration-Amendment to section 56(2)(vii)(b) made by Finance Act, 2013 with effect from 1-4-2014-Not clarificatory in nature and would be applicable only with effect from 1-4-2014 and not for assessment year 2012-13.[S. 50C, 56(2)(vii(b), 69, 147]
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