Answers On Topic: 562((x)
Does it apply to Tenancy rights acquired free after ay 17/18 ?
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Whether there are any judgements in which it is held that the provisions of section 56(2)(x) of the Income Tax Act, 1961 are not applicable in case of bonafide purchase of property. The difference between SDV and the sale consideration cannot be taxed under 56(2)(x) in case of bonafide purchase.
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56[2](x)